Two reports on China's industrial profits at the end of 2025

In two articles from Lianhe Zaobao Singapore, the decline in profits of China’s industry at the end of the year has widened from a year-on-year decrease of 5.5% in October to a 13.1% decrease in November. Meanwhile, the industrial profit growth from January to November was only a very small 0.1%.

Within this weak growth, the speed of profit increase across various industries varies greatly, reflecting the internal imbalance in development among industries in imperialist countries. In artificial intelligence and electronics industries, profit growth reached 57.4% (National Bureau of Statistics of China), and the raw materials processing and manufacturing industry also grew at a rate of 16%. The continuously growing equipment manufacturing industry also had a growth rate of 7.7%, among which industries like railways, ships, aerospace, and others saw a profit increase of 27.8% (National Bureau of Statistics of China).

Corresponding to the development of these industries, profits in coal and oil industries decreased by 47.3%.

The most obvious personal experience I have in my work is that, as the New Year approaches, the workshop I am in is far less busy than before, and the factory has started arranging some workers for days off.

The factory director of my workshop also mentioned in a meeting that the planned output value for 2026 has been reduced by 25% compared to before. Moreover, this situation of “not much work” is expected to continue until the New Year.

This made me think of the two articles I saw earlier.

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Does anyone know what the situation is like in other industries?

Here, Meituan Campus Delivery is not busy, probably because students are on vacation or something similar. During this time period, there are very few orders, and the riders’ work is decreasing.

My view is that under the heavy exploitation of the Chinese bourgeoisie, the broad masses of the Chinese people have become very weak in their ability to consume goods. Therefore, the Nazis can only invest heavily in emerging industries like artificial intelligence, while outdated industries such as coal and oil see profits continuously decline due to monopoly and capitalist competition. However, emerging industries, such as electronics and equipment manufacturing, produce goods that Chinese workers cannot afford to buy, and the new means of production they create are unprofitable in consumer goods industries, making it difficult to expand production and find buyers. This is why the profit added value of industrial scale above the designated size increased by only 0.1% over the entire year, with almost no growth.

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