China’s latest economic data shows a clear sign of slowing momentum.
According to the National Bureau of Statistics, profits of industrial firms above designated size fell 5.5% year-on-year in October, marking the first decline in three months.
This sharply contrasts with the +21.6% in September and +20.4% in August and is far below Bloomberg’s forecast of a 2.8% increase.
Key takeaways from the report:
• Higher base effect from last year + rising financial costs contributed to the decline
• Mining and related sectors dropped 14.8% YTD — the biggest drag on overall performance
• State-owned enterprises continue to underperform private and foreign-invested firms
• January–October industrial profits grew 1.9% overall
• Manufacturing and utilities remain relatively strong, while mining faces double-digit contraction
Economists note that weaker-than-expected October data reflects ongoing pressure in China’s industrial sector as global demand softens and domestic costs rise.
For businesses engaged in global trade, logistics, and sourcing from China, this trend may impact production planning, export pricing, and supply chain stability in the coming months.
If you need help navigating freight options, seasonal demand, or China–U.S./Mexico shipping routes, feel free to reach out.
Zcyt Logistics is here to support your shipments with stable schedules and transparent pricing.