China’s industrial profits plunge 9.1% in May
On May 29, 2025, a worker controls a vehicle finished on the production line for Zeekr, an electric vehicle manufacturer in Ningbo, China.
Kevin Frayer | Getty Images News | Getty Images
China’s industrial profits fell by 9.1% in May, in May, in which the incentive efforts of Beijing were insufficient to increase the profitability of businesses.
This pointed out the largest monthly decrease since October last year, when industrial profits fell 10%.
Cumulative profits in large industrial companies fell 1.1% in the first five months of 2025 compared to the previous year. Data were shown.
At the beginning of this week, Citibank increased China’s growth forecast from 4.7% to 5% in the first half of the year with strong growth and flexible export expectations in the first half of the year.
China’s exports this year, the increase sent to Southeast Asian and European Union countries continued despite the irregular US tariff policy. In May, although the US shipment decreased by 34.5% compared to a year ago, the country’s exports increased by 4.8% compared to the previous year.
While Citi expects a good growth of 2.3% of the country’s overall exports, it faces a decrease of approximately 10% in shipments to the USA
US President Donald Trump said on Wednesday that an agreement was signed with China without giving additional details. A White House official later announced that “the administration and China accept an additional understanding of a framework to implement the Geneva agreement”.
The Geneva Agreement tightened China’s curves in critical mineral exports and the restrictions on the US technology and Chinese student visas.
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