🌟 China's industrial sector is showing steady momentum as major firms reported a 3.6% year-on-year profit rise from January to July, according to official data released Tuesday. The growth edged up 0.1 percentage points compared to the first half of 2024, signaling gradual recovery in key industries.
🏭 Firms with annual revenues exceeding 20 million yuan ($2.81 million) collectively earned 4.1 trillion yuan in profits during the period. July alone saw profits jump 4.1%, accelerating for the second straight month and beating June's pace by 0.5 percentage points. Analysts say the uptick reflects easing cost pressures and improved supply chain efficiency.
💡 'This isn't just a number—it's a snapshot of China's economic puzzle,' said one market observer. 'Sectors like green tech and advanced manufacturing are becoming bigger pieces of that picture.' Global investors are watching closely, as the data hints at broader Asia-Pacific market trends.
