China’s Industrial Profit Growth Picks Up to Near Two-Year High

Chinese industrial companies saw their earnings surge the most in nearly two years, as production revs up while declines in factory-gate prices ease amid a government campaign to rein in excess capacity.

Industrial profits climbed for the second straight month in September and rose 21.6% from a year earlier, their biggest gain since November 2023. That was far better than a Bloomberg Economics forecast for a 3.9% gain and followed a 20.4% jump in August.