WNYUZ
No Result
View All Result
  • Home
  • Politics
  • Opinion
  • Business
  • World
  • Health
  • Entertainment
  • Tech
  • Home
  • Politics
  • Opinion
  • Business
  • World
  • Health
  • Entertainment
  • Tech
No Result
View All Result
WNYUZ
No Result
View All Result
Home News

China’s industrial profits fall further in June

July 27, 2025
in News
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

BEIJING (Reuters) -China’s industrial profits continued to fall in June, data showed on Sunday, as entrenched producer deflation put more margin pressure on businesses in the face of subdued domestic demand and lingering global trade uncertainty.

China’s economy slowed less than expected in the second quarter in a show of resilience to U.S. tariffs. But punishing price wars among producers have prompted Beijing to pledge tougher regulations for autos and solar panels, among other industries engaged in cutthroat competition.

Profits at China’s industrial firms fell 4.3% in June from a year earlier, following a decline of 9.1% in May, while first-half profits were down 1.8% versus a slide of 1.1% in the period from January to May, National Bureau of Statistics data showed.

As China faces a complex and changing external environment, it must deepen the formation of a “unified national market, expand and strengthen domestic circulation and promote high-quality development of the industrial economy”, said Yu Weining, a statistician at the bureau.

Lu Zhe, chief economist at Soochow Securities, said industrial profits may improve, as China’s actions against self-destructively fierce competition and a government trade-in scheme – a version of a “cash for clunkers” programme – should help control the price war amongst companies and expand consumer demand.

Factory-gate deflation deepened last month to its worst in almost two years, as softening domestic demand worsened overcapacity woes.

State-owned automakers Guangzhou Automobile Group and JAC Group expect to post their biggest ever second-quarter losses next month.

China’s leaders pledged this month to ramp up efforts to regulate aggressive price-cutting, fuelling expectations that a fresh round of industrial capacity cuts might be approaching.

But analysts say this round of supply-side reforms will not pull China out of deflation as quickly as a decade ago, citing challenges such as job losses.

State-owned firms recorded a 7.6% decline in profits in the first half. Private-sector companies reported a rise of 1.7% while foreign firms logged a 2.5% gain, the data showed.

Industrial profit numbers cover firms with annual revenue of at least 20 million yuan ($2.8 million) from their main operations.

($1=7.1561 Chinese yuan renminbi)

(Reporting by Qiaoyi Li, Jenny Su and Farah Master; Editing by Clarence Fernandez, Jamie Freed and William Mallard)

The post China’s industrial profits fall further in June appeared first on Reuters.

Tags: ChinaGuangzhou Automobile Groupindustrial economyReutersYahooYahoo Finance
Share196Tweet123Share
The only people who feel good are ‘making over $200,000’ and ‘have large stock portfolios’
News

The only people who feel good are ‘making over $200,000’ and ‘have large stock portfolios’

October 24, 2025

Inflation may be increasing at a slower pace than expected, the markets might be cheering, and the Fed will likely ...

Read more
News

‘I just don’t feel comfortable building a robot army here and then being ousted’

October 24, 2025
News

Trump Reopens Alaska’s Arctic Coastal Plain to Oil Drilling

October 24, 2025
News

US FDA approve GSK’s blood cancer treatment

October 23, 2025
News

Exclusive-China state oil majors suspend Russian oil buys due to sanctions, sources say

October 23, 2025
NextSilicon reveals new processor chip in challenge to Intel, AMD

NextSilicon reveals new processor chip in challenge to Intel, AMD

October 23, 2025
Roche shares fall as new drug sales disappoint

Roche shares fall as new drug sales disappoint

October 23, 2025
Trump ultimatum and a hit to oil sales to India

Trump ultimatum and a hit to oil sales to India

October 23, 2025

© 2025 WNyuz.com

No Result
View All Result
  • Home
  • Politics
  • Opinion
  • Business
  • World
  • Health
  • Entertainment
  • Tech

© 2025 WNyuz.com