China Industrial Production

China's industrial production grew by 6.8% year-on-year in June 2025, accelerating from May’s six-month low of a 5.8% increase and surpassing market expectations of 5.6%. This marked the fastest growth since March, supported by a series of government measures to boost the economy. Manufacturing activity picked up (7.4% vs 6.2% in May), as did mining output (6.1% vs 5.7%). Meanwhile, electricity, heat, gas, and water production continued to grow, though at a slower pace (1.8% vs 2.2%). Within manufacturing, 36 of 41 major industries recorded growth, including automotive (11.4%), computers and communications (11.0%), railway and shipbuilding (10.1%), non-ferrous metal smelting and rolling (9.2%), agricultural and food processing (8.2%), chemical products (7.5%), coal mining and washing (6.5%), oil and gas (3.6%), food manufacturing (3.4%), and heat production (1.6%). Monthly, industrial output increased by 0.5%. Over the first half of the year, industrial production expanded by 6.4%.