China’s industrial production rose +0.37% MoM and +5.2% YoY in August 2025, with YTD growth at +6.2% YoY, reflecting broad-based gains in manufacturing and equipment-related industries.

• Mining output rose +5.1% YoY, manufacturing +5.7%, and utilities (electricity, heat, gas, water) +2.4%, showing strength across major sectors.

• By ownership, joint-stock enterprises grew +6.0% YoY and private firms +4.6%, while foreign-invested enterprises lagged at +2.3%.

• High-tech manufacturing expanded +9.3% YoY, with electronic equipment (+9.9%), electrical machinery (+9.8%), and transport equipment (+12.0%) among the strongest performers.

• Autos rose +10.5% YoY, including +22.7% YoY growth in new energy vehicles, while crude oil processing was up +7.6% YoY.

• Steel output increased +9.7% YoY and ethylene +10.4%, though cement declined -6.2% YoY, signaling uneven materials demand.

• Industrial robot production jumped +14.4% YoY, but service robots fell -6.5% YoY, pointing to mixed dynamics in automation.

• Power generation rose +1.6% YoY, with strong gains in solar (+15.9%) and wind (+20.2%) offset by a -10.1% YoY decline in hydropower.

• The industrial sales rate slipped -0.1 ppts YoY to 96.6%, and export delivery value declined -0.4% YoY, suggesting external headwinds despite solid domestic production.

• Export delivery value was down -0.4% YoY but still up +3.0% YoY on a YTD basis.