GENERAL UPDATE · 2026-10-28
China industrial profits rose 15.5% in January–September 2026
IN SHORT
China's designated-size industrial enterprises reported 6,033.74 billion yuan of profit in January–September 2026, up 15.5% from a year earlier. Manufacturing, mining and utility profits moved at different rates.
WHY IT MATTERS IN CANADA
Canadian resource suppliers, industrial exporters and importers can use profit conditions across Chinese manufacturing, mining and utilities as indirect context for operating conditions and investment incentives. These Chinese profit figures do not establish Canadian sales, pricing or orders.
WHAT HAPPENED
- Total industrial-enterprise profits increased 15.5% year over year in January–September 2026.
- Manufacturing profits increased 17% and mining profits increased 38.2% over January–September 2026.
- Profits in electricity, heat, gas and water supply declined 14.3% over January–September 2026.
- The separately reported September-only industrial profit growth rate was 14.4% year over year.
KEY NUMBERS
- +15.5%Total industrial-enterprise year-over-year growthJanuary–September 2026
- +17%Manufacturing year-over-year growthJanuary–September 2026
- +38.2%Mining year-over-year growthJanuary–September 2026
- -14.3%Utility-sector year-over-year growthJanuary–September 2026
- +14.4%Industrial-enterprise year-over-year growthSeptember 2026
WHAT THE DATA SHOWS
The cumulative figures cover January through September, whereas the September-only rate covers one month. Profits and profit growth are not measures of real output, domestic demand or Canada-specific trade effects.
OBOR analysis based on the cited source. Relevance and classification are analytical assessments, not objective measures. How OBOR separates evidence, relevance and confidence →
INDUSTRIES
SOURCE
National Bureau of Statistics of China — Latest Releases · View source →