🇨🇳China's industrial sector is under heavy pressure:
23.8% of Chinese industrial firms were unprofitable in 2025, the highest since 2000 and doubling since 2017.
This marks the 4th consecutive annual increase, their worst streak on record.
Profit margins for private industrial firms are down to just 4.5%, the lowest since at least 2014 and down for 4 straight years.
This comes as China continues to battle the longest deflation streak on record, weak domestic demand, and now uncertainty about energy costs due to the Iran War.
China's industrial recovery remains nowhere in sight.