中国工业利润在2025年10月下跌5.5%,反映了需求疲软和增长放缓。 China's industrial profits dropped 5.5% in October 2025, reflecting weak demand and slowing growth.

中国工业利润在2025年10月逐年下跌5.5%,扭转了早先的收益,并突显了经济持续疲软。 China's industrial profits fell 5.5% year-on-year in October 2025, reversing earlier gains and underscoring ongoing economic weakness. 更糟糕的是,国内需求疲软、出口疲软以及比较基数高,是造成这一下降的驱动因素。 The decline, worse than expected, was driven by weak domestic demand, sluggish exports, and a high comparison base. 在2025年头10个月,工业利润只增长了1.9%,低于前9个月3.2%。 For the first ten months of 2025, industrial profits rose just 1.9%, down from 3.2% in the first nine months. 国有企业没有利润增长,私人和外国公司则略有收益。 State-owned enterprises saw no profit growth, while private and foreign firms posted modest gains. 持续的通货紧缩、工厂产出疲软和青年失业率居高不下继续给消费者情绪带来压力。 Persistent deflation, weak factory output, and high youth unemployment continue to weigh on consumer sentiment. 尽管美中贸易紧张局势有所缓和,但增长势头放缓,北京将重点转向促进消费而不是大规模刺激。 Despite easing U.S.-China trade tensions, growth momentum has slowed, with Beijing shifting focus toward boosting consumption rather than large-scale stimulus.