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🇨🇳 China's industrial profits are at a 30-month high. Retail sales are at a 40-month low.
The week in view

🇨🇳 China's industrial profits are at a 30-month high. Retail sales are at a 40-month low.

Macro Soup Newsroom Macro Soup Newsroom 4 min read

China's April industrial profits rose 24.7% year on year, the fastest pace in 30 months, while retail sales grew just 0.2%, a 40-month low. High-tech FDI was up 20.3% even as total inflows fell 10.3%.

Line chart plotting year-on-year growth of cumulative operating income (yellow) and total profits (blue) from 2025 to 2026.
China's industrial profits rose 18.2% year on year through April 2026, the strongest four-month performance since 2021. Source

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