Chinese industrial firms see 17.6% profit rise
The profits of major industrial companies in China increased by 17.6% during the first seven months of 2026, reaching 4.58 trillion yuan, with their revenues rising by 6.5% to 80.92 trillion yuan. Manufacturing industry profits grew by 18.8%, while the mining sector's profits increased by 34.9%. Conversely, profits in the electricity, gas, and water sector declined by 5.8%. The computer and communications manufacturing sector experienced remarkable growth of 110%. In July alone, the profits of major industrial companies increased by 11.2% year-on-year.
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