SINGAPORE (ICIS)–Profits generated by Chinese industrial firms fell 5.5% on year in October, data from the National Bureau of Statistics (NBS) showed on Thursday.
Factors for the contraction include a higher base in the same period last year as well as a rapid growth in financial expenses, said NBS statistician Yu Weining.
Development in new quality productivity in traditional industries has shown initial success, with profits in bio-based chemical fiber manufacturing increasing 61.2% between January-October, while recycled rubber manufacturing profits grew by 15.4% during the same period.
Published by: www.icis.com
Jonathan Yee
27-Nov-2025
