China industrial profits surge 15.5% Jan-Sep, signaling robust manufacturing recovery

China's National Bureau of Statistics reported a 15.5% year-on-year increase in industrial company profits for January-September 2026, accelerating from the prior year. This suggests strengthening domestic demand and improving margins in the manufacturing sector, though the data is aggregate and may mask sectoral divergences. The print supports a positive growth outlook for China, with potential spillover to global trade and commodity demand.

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