China Quarterly Industrial Capacity Utilization

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China’s industrial capacity utilization rate was 74.0% in Q2 2025, down -0.1 ppt from Q1 and -0.9 ppts YoY, reflecting a mild cooling in industrial activity.
- Manufacturing utilization stood at 74.3%, down -0.9 ppts YoY; mining was at 72.7% (-3.3 ppts), while utilities rose slightly to 71.5% (+0.1 ppt).
- Chemical raw materials utilization dropped -4.5 ppts YoY to 71.9%; pharmaceuticals fell -2.7 ppts to 72.6%.
- Ferrous metal smelting utilization rose 1.1 ppts YoY to 80.8%, and computer/electronics manufacturing rose 1.1 ppts to 77.3%.
- Auto manufacturing utilization fell -1.7 ppts YoY to 71.3%, while non-metallic minerals remained weak at 62.3% (-1.9 ppts).
- Oil and gas extraction remained the highest at 90.9% utilization, though down -0.9 ppts YoY.
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China’s industrial capacity utilization increased 0.5 ppts from a year ago to 74.1% but it was down -2.1 ppts from Q4 2024 due to the Chinese holiday.
- Mining utilization was down -0.4 ppts from a year ago to 74.6%.
- Manufacturing utilization was up 0.3 ppts from a year ago to 74.1%.
- The automobile industry saw a sharp increase in utilization over a year ago, up 7.0 ppts to 71.9%.
Source
Industrial capacity utilization saw a strong increase of 1.1 ppts to 76.2% in December which is 0.3 ppts above a year ago and the highest since Q4 2021. Manufacturing capacity utilization grew 0.4 ppts from a year ago to 76.4%, although for the full year 2024, the reading of 75.2% was down -0.1 ppts.

Source