China’s Industrial Profit Growth Slows to Weakest Pace This Year

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Or sign-in if you have an account.5n})87cjuv]vilnrd{7kuk2w_media_dl_1.png National Bureau of Statistics, B(Bloomberg) — China’s industry saw profit gains slow for a second month, adding to evidence of an uneven recovery for companies across parts of the world’s second-biggest economy.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountIndustrial profits rose 15.1% last month from a year earlier, the weakest increase this year and down from a 21.1% jump in May, according to data published by the National Bureau of Statistics on Monday. For the first half of the year, companies grew earnings by 18.7%, compared with a Bloomberg Economics forecast of 19.2%.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againChina ended its record deflationary run last quarter even as price increases remain largely confined to oil and sectors linked to artificial intelligence. Though the cost of goods at the factory gate surged in June at the fastest in almost four years, producer prices had their first drop since July 2025 on a month-on-month basis, in a sign inflationary momentum has waned.The global buildout of AI infrastructure has fueled demand for China’s advanced manufactured goods, while disruptions to energy markets caused by the conflict in the Middle East have lifted commodity costs.But slumping domestic investment and sluggish household spending could be more of a hurdle for profitability in the months ahead, especially in the absence of stronger stimulus to boost demand.“The improvement in corporate profits may prove short-lived,” Adam Wolfe, an economist at Absolute Strategy Research, said in a report last week. “The tailwinds for AI-linked sectors may persist, but the rest of the economy seems likely to face stronger headwinds. If so, corporate profits could become increasingly K-shaped.”This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.