BEIJING, September 29, 2026: China’s industrial profit growth slowed sharply in August, with profits at major industrial firms rising 4.2% year on year, according to Reuters, citing official data.
The August increase was slower than the 11.2% growth recorded in July. For the first eight months of 2026, industrial profits were still up 15.7%, reaching 5.27198 trillion yuan.
Technology remains stronger
Technology-related manufacturing has remained one of the stronger areas of China’s industrial economy, while some traditional sectors have faced weaker demand and excess supply.
Reuters reported that profits in wine and beverage manufacturing fell sharply during the period.
Pressure from domestic demand
Weak domestic demand and excess capacity have affected companies’ pricing power. Economists cited by Reuters have called for stronger household income and consumption to support more balanced growth.
Read NewsNationOnline’s earlier report on January-August industrial profits.
Policy response
China’s cabinet has called for stronger counter-cyclical support and faster implementation of existing policies as officials seek to meet the country’s 2026 economic targets.
Source: Reuters and official Chinese statistics.
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