Thinking About China
Opinion

Industrial Profits in China Get a Lift—Is It Sustainable?

Though Chinese industry enjoyed a profits surge in March, it was uneven and looks likely to be short lived.
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Industrial Profits in China Get a Lift—Is It Sustainable?
An employee works at a production line manufacturing optical fiber cables at a factory in Huzhou, Zhejiang Province, China, on May 15, 2019. Stringer/Reuters
Milton Ezrati
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Commentary

Profits among Chinese industrial companies picked up markedly in March. That month’s report showed earnings levels for the entire sector up by 16 percent from March 2025, bringing the first quarter’s growth up by 15.5 percent.

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Milton Ezrati
Milton Ezrati
Author
Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is “Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live.”