AI and new energy boost China's industrial profits

The profits of major Chinese industrial companies increased by 18.8% year-on-year during the first five months of 2026, driven by rising demand for artificial intelligence and new energy. The electronics industry saw a surge despite rising raw material costs, with profits growing by 103.9%, while non-ferrous metals sector profits increased by 117.1%. The high-tech manufacturing sector stands out as one of the main drivers, recording a growth rate of 44.7%.

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