June 16 — NBS spokesperson Wang Guanhua told a State Council Information Office briefing that rising costs have pressured some firms, with profitability diverging across sectors and some mid- and downstream companies facing temporary cost stress. Fir

2026-06-16

June 16 — NBS spokesperson Wang Guanhua told a State Council Information Office briefing that rising costs have pressured some firms, with profitability diverging across sectors and some mid- and downstream companies facing temporary cost stress. Firms are responding with technology upgrades, tighter management and market expansion, while authorities are rolling out targeted support, large-scale equipment renewal and measures to cut energy and logistics costs; effects are expected to emerge gradually. At the national level, faster industrial output and a rebound in industrial goods prices have supported steady gains: January–April revenue at industrial enterprises above designated size rose 5.2% YoY (0.2ppt faster than Jan–Mar) and profits rose 18.2% YoY (acceleration of 2.7ppt).