{"id":100067,"date":"2025-08-27T05:24:06","date_gmt":"2025-08-27T05:24:06","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/100067\/"},"modified":"2025-08-27T05:24:06","modified_gmt":"2025-08-27T05:24:06","slug":"chinas-industrial-profits-slip-1-5-in-july-slowest-pace-of-decline-in-five-months","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/100067\/","title":{"rendered":"China&#8217;s industrial profits slip 1.5% in July, slowest pace of decline in five months"},"content":{"rendered":"<p>Robots manufacture auto parts at a factory in Ningde, China, on Oct. 17, 2024.<\/p>\n<p>Nurphoto | Nurphoto | Getty Images<\/p>\n<p>China&#8217;s industrial profits slipped 1.5% from a year earlier in July, marking a notable recovery following months of steeper declines as Beijing&#8217;s campaign against price wars helped improve companies&#8217; margins.<\/p>\n<p>Profits at major industrial firms fell 1.7% in the first seven months this year, according to <a href=\"https:\/\/www.stats.gov.cn\/sj\/zxfbhjd\/202508\/t20250827_1960884.html\" target=\"_blank\" rel=\"nofollow noopener\">data from the National Bureau of Statistics on Wednesday<\/a>.<\/p>\n<p>State-backed industrial firms saw their bottom line drop 7.5% in the January to July period from a year earlier, while businesses with foreign investments saw profits increase by 1.8%.<\/p>\n<p>Profits in the mining industry plunged 31.6% from a year earlier, while the  manufacturing sector and utilities industry \u2014 for electricity, heat, gas and water supply \u2014 saw their profits improve by 4.8% and 3.9% from a year ago, respectively.<\/p>\n<p>Yu Weining, a statistician at the statistics bureau, attributed the narrower profit declines to Beijing&#8217;s policies aimed at recovering consumer price levels, which improved profitability for companies.<\/p>\n<p>This is breaking news. Please refresh for updates.<\/p>\n","protected":false},"excerpt":{"rendered":"Robots manufacture auto parts at a factory in Ningde, China, on Oct. 17, 2024. Nurphoto | Nurphoto |&hellip;\n","protected":false},"author":2,"featured_media":100068,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[4989,12922,1386,45,161,49,48,46,100],"class_list":["post-100067","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-asia-economy","tag-breaking-news-asia","tag-breaking-news-markets","tag-business","tag-business-news","tag-ca","tag-canada","tag-economy","tag-markets"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/100067","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=100067"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/100067\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/100068"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=100067"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=100067"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=100067"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}