Indicators
China’s Industrial Profits Drop in 2024 Despite Year-End Uptick
Industrial profits at large Chinese companies surged 11% in December from a year ago.
Photographer: Kevin Frayer/Getty Images
This article is for subscribers only.
China’s industrial firms saw their profits drop in 2024 for the third consecutive year under deflationary pressures, though an improvement in recent months showed the impact of stimulus measures.
Industrial profits at large Chinese companies declined 3.3% last year after a 2.3% decrease in 2023. A surge of 11% in December helped narrow the full-year contraction, according to a statement from the National Bureau of Statistics on Monday.