Abstract China’s industrial sector continues to suffer from persistent profit contraction and deflationary pressures, with the National Bureau of Statistics (NBS) reporting a 1.5 % year-on-year decline in industrial profits in July 2025, following a 4.3 % drop in June 2025. (Reuters) Over the January–July 2025 period, industrial profits of enterprises above the designated scale … Leggi tutto China’s Industrial Downturn in 2025: Deflationary Pressures, Profit Erosion and Structural Asymmetries Between State and Private Enterprises