China’s large-scale industrial firms saw a 1.1 per cent year-on-year profit decline in the first five months of 2025, according to NBS.
However, profits rose month-on-month, reaching 2.72 trillion yuan—up 603.41 billion yuan from January-April.
Operating revenue grew 2.7 per cent annually, reflecting steady business activity and hinting at a gradual recovery in the industrial sector.
