Beijing, 27 July 2026 – Profit growth at China’s major industrial companies moderated in June as strong exports and technology manufacturing continued to support factory earnings, while weak consumer demand and persistent property-sector pressure highlighted an increasingly uneven economic recovery.

Industrial profits increased 15.1% year-on-year in June, slowing from the 21.1% expansion recorded in May. For the first half of 2026, profits rose 18.7% to approximately 3.95 trillion yuan, broadly maintaining the strong momentum established during the first five months.

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Rebecca Hsu
Rebecca Hsu is a Senior Economist and Lead Analyst for The Ledger Asia, focusing on the rapidly evolving financial landscapes of East and Southeast Asia. With a background in sovereign risk assessment and emerging market trends, Rebecca provides sharp commentary on trade dynamics, monetary policy, and the digital economy's impact on regional growth.
Formerly a strategic advisor for major financial institutions in Hong Kong, she excels at translating complex macroeconomic shifts into actionable insights for investors and policymakers. Her work at The Ledger Asia centers on China’s economic transition and the burgeoning manufacturing hubs of ASEAN, ensuring readers stay ahead of Asia’s shifting financial tides.

China’s Industrial Profit Growth Slows as Domestic Recovery Remains Uneven

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