China's major industrial firms' revenue up 2.3 pct in first 7 months

The business revenue of China's major industrial enterprises above designated size reached 78.07 trillion yuan, an increase of 2.3 percent year on year in the first seven months of this year, according to the latest data released by the National Bureau of Statistics (NBS) on Wednesday.

Industrial enterprises above designated size are those with an annual main business revenue of 20 million yuan or more.

Those industrial firms saw their combined profits reach over 4.02 trillion yuan during the January-July period, which decreased 1.7 percent year on year.

In July, profits of these major industrial enterprises slipped 1.5 percent compared with a year earlier, with the decline narrowing by 2.8 percentage points from the previous month.

Profits of major firms in the manufacturing sector increased 6.8 percent, accelerating from a rise of 1.4 percent in June, the data showed.

China's outstanding aggregate social financing -- the total amount of financing to the real economy -- reached 442.12 trillion yuan (about 63.4 trillion U.S. dollars) as of the end of 2025, up 8.3 percent year on year, central bank data showed on Thursday.

The country's aggregate social financing stood at 35.6 trillion yuan (about 5.1 trillion U.S. dollars) in 2025, up by 3.34 trillion yuan (about 479 billion U.S. dollars) from the year 2024, said the People's Bank of China (PBOC), the country's central bank.

According to the data, the M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 8.5 percent year on year to 340.29 trillion yuan (about 48.8 trillion U.S. dollars) as of the end of December.

In addition, outstanding yuan loans stood at 271.91 trillion yuan (about 39 trillion U.S. dollars) at the end of 2025, up 6.4 percent year on year.