
China’s Industrial Profits Accelerate Despite Subdued Business Activity
Industrial profits rose 17.6% so far in 2026, nearly three times faster than revenue, while PMI readings remained below 50

Industrial profits rose 17.6% so far in 2026, nearly three times faster than revenue, while PMI readings remained below 50

ASEAN exports jumped 22.5% in 2025, with Asia accounting for the majority of regional growth

The EU and China lead across major industrial value chains in 2025, while Asian economies feature prominently in electronics, textiles and automotive

H1 2026 export growth was driven increasingly by Asia, Africa and fast-growing markets including Singapore, China and South Africa

India leads despite slowing in 2026; Thailand is gaining momentum; China is stabilising and Indonesia is slipping back into contraction

Manufacturing wages have risen almost tenfold since 2000, but remain well below advanced manufacturing economies