China industrial profits up 17.6% as AI-driven electronics jump 110%
China's large industrial enterprises booked 4.58 trillion yuan in profit for January-July, up 17.6% year on year, powered by a 110% surge in AI-linked electronics. For investors, the mix points to re-rating opportunities in China tech supply chains, non-ferrous metals and coal, while utilities remain a clear laggard. NBS data indicate the upswing is real but increasingly concentrated in policy-favored sectors.
Source: (cn) · Beijingbulletin