China's industrial firms report faster profit growth amid policy support

BEIJING, (UrduPoint / Pakistan Point News / WAM - 27th May, 2026) China's industrial profits grew at a faster pace in the first four months of 2026, buoyed by effective macro policies and the performance of new growth drivers, including equipment manufacturing and high-tech manufacturing.

China's major industrial firms, those with an annual main business revenue of at least 20 million Yuan (about US$2.93 million), saw their combined profits rise 18.2% year on year in the January-April period, 2.7 percentage points faster than the growth registered in the first quarter, according to the National Bureau of Statistics (NBS).

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In April alone, profits of major industrial firms increased 24.7% from a year earlier, Xinhua news Agency reported, citing the NBS figures.

Major industrial firms also posted steady revenue growth. In the first four months, their combined operating revenue rose 5.2% year on year, 0.2 percentage points faster than in the first quarter, providing important support for the continued recovery in corporate performance.