In China, industrial profits reached 1.51 trillion yuan in the January-March 2025 period, marking a 0.8% increase compared to the same period last year. However, weak domestic demand and external uncertainties continue to negatively impact industrial profitability.

According to the National Bureau of Statistics, total revenue for industrial companies also increased by 3.4%. Despite profit increases in 24 out of 41 industrial sectors, the overall outlook remains bleak.

Despite the government's efforts to stimulate economic growth through revitalization measures, the effects of these measures have not yet been reflected in the real economy. The first quarter recorded a growth of 5.4%, exceeding the government's target.

Retail sales increased by 4% in the January-February 2025 period. However, weak domestic demand caused this increase to fall below expectations. The contraction in the real estate sector continues as well.

The unemployment rate in China rose to 5.4% as of February 2025. This indicates challenges in achieving economic growth targets.