Despite ongoing trade tensions and a challenging economic landscape, China’s industrial profits have demonstrated resilience in April, recording a significant increase of 3.0% year-on-year. This growth followed a previous month showing an even faster rise of 0.4 percentage points compared to March. This robust performance is attributed to several factors, including increased subsidies and equipment upgrades for businesses. 2025’s data shows that profits in the high-tech manufacturing sector experienced particularly strong growth, increasing by 9.0% year-on-year. The industrial boom comes despite a slowdown in exports to the U.S., which fell sharply after a wave of retaliatory tariffs from both countries began at the end of April.