Chinese firms reported stronger profit growth at start of the second quarter, supported by rising energy prices and resilient overseas demand for tech products | World News

Booming electronics and metals sectors outpace weaker downstream manufacturers

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

BEIJING -- Profits of China's major industrial firms increased 18.2 percent year-on-year during the January-April period, surpassing a rise of 15.5 percent in the first quarter,…

Employees work on the production line of automotive display chips at a workshop on May 22, 2026 in Huzhou, Zhejiang Province of China.Vcg | Visual China Group | Getty…

China's industrial profits jumped 24.7% in April 2026, driven by booming AI semiconductor demand and rising oil prices, extending a strong Q1 growth trend.

China's industrial firms reported higher profits at the start of the second quarter, despite a broader growth slowdown.

China's industrial profits surged 24.7% in April, the fastest growth in over two years, driven by rising AI-related demand and higher oil prices linked to the Iran war.

Chinese firms reported stronger profit growth at start of the second quarter, supported by rising energy prices and resilient overseas demand for tech products | World News

High-tech profits skyrocket 44.8%, make up 7.8 pct points of bottom line