China's Industrial Profit Rises 14.4% in September, Driven by AI

According to the National Bureau of Statistics, China’s industrial profit rose 14.4% in September compared to the same period last year, the strongest growth since June. This growth is attributed to the production related to artificial intelligence, which is supporting industrial results. However, weak domestic demand continues to weigh on companies dependent on consumer markets.

The overall industrial profit in the first nine months reached approximately 6.03 billion yuan, with a year-on-year growth of 15.5%. This is a slight slowdown from the 15.7% growth seen from January to August.