Reference News Network, October 28 report - According to EFE News Agency, on October 27, the profit of large-scale industrial enterprises in China increased by 3.2% year-on-year in the first three quarters of 2025, which is the highest cumulative growth rate since August last year.

According to data released by the National Bureau of Statistics on the 27th, in September, the profit of large-scale industrial enterprises increased by 21.6% year-on-year, an increase of 1.2 percentage points from August.

The report said that if this trend continues, the profits of Chinese industrial enterprises are expected to reverse the negative growth trend over the past three years. In 2022, the profit of large-scale industrial enterprises in China decreased by 4%, in 2023 it fell by 2.3%, and in 2024 it declined by 3.3%.

Data released on the 27th showed that in the first nine months of the year, the total profit of large-scale industrial enterprises in China reached 5373.2 billion yuan.

Yu Weining, chief statistician of the Industrial Department of the National Bureau of Statistics, stated that the improvement in the data for the first three quarters of 2025 can be attributed to the implementation of more proactive macroeconomic policies, rapid growth in new productive forces such as high-tech manufacturing and equipment manufacturing, and the impact of the low base effect.

He pointed out that the profits of industries such as aerospace, smart consumer equipment manufacturing, electronic industry special equipment manufacturing, and precision instrument manufacturing have increased.

He said that in the next stage, against the background of a complex external environment and continued pressure on economic development, efforts should be continuously made to expand domestic demand, strengthen the domestic big cycle, and promote the dual circulation of domestic and international markets.

According to the Singapore Asia News Channel website, on October 27, it was reported that in September, the profit of Chinese industrial enterprises grew for the second consecutive month, which has given officials optimism about the recovery of the world's second-largest economy, as companies found buyers despite weak demand and trade uncertainties.

Data released by the National Bureau of Statistics on the 27th showed that after a large increase of 20.4% in August, the profit of large-scale industrial enterprises in September increased by 21.6%, marking the fastest growth rate since November 2023. Data shows that the profit of large-scale industrial enterprises in the first nine months increased by 3.2%, while the growth in the first eight months was 0.9%.

Additionally, according to the South China Morning Post website, on October 27, it was reported that the profit of Chinese industrial enterprises in September achieved the highest growth rate in nearly two years.

In September, the profit of large-scale industrial enterprises in China increased by 21.6% year-on-year, which is the highest growth rate since November 2023. In the previous August, this indicator recorded a year-on-year growth of 20.4%.

According to data published by the National Bureau of Statistics on the 27th, in the first nine months of this year, the profit of large-scale industrial enterprises across the country increased by 3.2%. Among them, the profit of the manufacturing sector increased by 9.9%.

The report said that due to strong foreign demand, accelerated production expansion supported the profits of Chinese industrial enterprises. Recently, the decline in industrial product prices has been alleviated as the government took action to address vicious competition.

Yu Weining, chief statistician of the Industrial Department of the National Bureau of Statistics, said in a statement that "the rapid growth of new productive forces such as high-tech manufacturing and equipment manufacturing" combined with the impact of the low base effect, has led to continued growth in the profit growth rate of large-scale industrial enterprises.

The communiqué of the Fourth Plenary Session of the 20th Central Committee of the Communist Party of China, released on the 23rd, stated that it is necessary to "resolutely achieve" the annual economic and social development goals, focusing on stabilizing employment, enterprises, the market, and expectations. The communiqué also said that macroeconomic policies should continue to exert force and be appropriately strengthened. (Translated by Wang Meng)

Original: https://www.toutiao.com/article/7566166611665617417/

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