National Bureau of Statistics data show total profits reached $784 billion for the first eight months of 2026, up 15.7% year-on-year. The operating profit margin rose 0.44 percentage points to 5.66% even as revenue growth lagged profit growth by nearly nine percentage points.
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Revenue from state-owned land use rights transfers fell 28.6% year-on-year in the first eight months of 2026, totalling approximately $205 billion — an acceleration from the 14.7% decline recorded for all of 2025.
China deployed a record US$214 billion in outbound direct investment in 2025, up 11.1% year on year. But investment bound for the United States fell 71.3% to US$1.91 billion — the lowest level since 2011 — as Chinese capital pivots sharply away from the American market.
Three prominent advisers are publicly pressing Beijing to accelerate local government debt resolution and increase central fiscal spending. Fixed-asset investment fell 7.2% year-on-year in the first eight months of 2026, and economists argue China's unusually low domestic price levels — CPI at 0.
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