China’s major industrial companies recorded a 15.2% year-on-year profit increase during the first two months of 2026, driven by high-growth sectors like equipment manufacturing and advanced technology industries, official data revealed Friday.
Industrial firms with annual main business revenue of at least 20 million yuan (≈ $2.9 million USD) reported combined profits of 1.02 trillion yuan for January and February, according to the National Bureau of Statistics (NBS).
Between January and February, regional authorities and government departments strengthened the execution of proactive macroeconomic policies, blending existing and new initiatives. These measures helped accelerate profit growth, with most industries experiencing a rebound in earnings.
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