Profits earned by China's industrial firms fell by 8.1 percent year-on-year to CNY 3.1 trillion in January-July 2020, easing from a 12.8 percent plunge in the first six months of the year, amid a gradual recovery from the COVID-19 pandemic. Profits at state-owned industrial firms slumped 23.5 percent and those at private-sector declined 5.3 percent. Among the 41 industries surveyed, 29 saw profit falls. The mining and raw materials industries posted the largest profit declines, while company cash flow pressures remained high and uncertainty surrounding future profit growth increased amid tensions between Washington and Beijing ahead of the US presidential elections in November. In July alone, industrial profits jumped 19.6 percent year-on-year to CNY 589.5 billion, the third straight month of gains and by the most since June 2018.
Corporate Profits in China averaged 1717501.04 CNY Million from 1996 until 2020, reaching an all time high of 7518710 CNY Million in December of 2017 and a record low of 1617 CNY Million in February of 1998. This page provides - China Corporate Profits- actual values, historical data, forecast, chart, statistics, economic calendar and news. China Total Industrial Profits - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020. source: National Bureau of Statistics of China
Corporate Profits in China is expected to be 3400000.00 CNY Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Corporate Profits in China to stand at 5750000.00 in 12 months time. In the long-term, the China Total Industrial Profits is projected to trend around 6950000.00 CNY Million in 2021, according to our econometric models.