China's industrial profit growth slowed to 4.2%; the craze around AI failed to drive growth
2026-09-28 11:40:44
According to CoinMeta, China's industrial profits in August increased by 4.2% year-on-year, indicating that the AI craze failed to drive its economic growth. This year, the cumulative profit growth has slowed for the fourth consecutive month; the cumulative growth rate reached 24.7% in April but dropped to 15.7% as of August. Meanwhile, profit growth driven by AI is rapidly improving the performance of other economies. South Korean audit firms recorded a new high operating profit margin of 16.9% in the second quarter, up nearly 12 percentage points from the same period last year. The profit margin of the manufacturing industry even increased by nearly five times, reaching 24.0%. Japanese corporate profits grew by 24.6% year-on-year in the second quarter, significantly exceeding expectations. In contrast, China's 4.2% growth is hardly considered significant. Among European economies, industrial production in the eurozone decreased by 1.2% year-on-year in January and remained flat by July. Overall, the divergence in the global economy is becoming more apparent; AI hardware has generated profits in Seoul, Tokyo, and Washington, while Beijing has stagnated.
Source:BeInCrypto
This content is for market information only and does not constitute investment advice.
Follow HQYC official accounts to stay updated

Hot Articles
Refresh

What is Solidigm? Is Its $150B IPO Valuation a Bubble?
3h ago

Is PAXG Stable? Is Gold-Backed Better Than Stablecoins?
09-24 18:04

ETH Rebounds to $2,800: Can It Hold $3,200 by Month-End?
09-23 11:07

What is Bybit Exchange? Is Bybit Safe with EU Dual Licenses?
09-21 18:42

Bitcoin 5-Year Outlook: $75.5K Miner Cost, Crash or Floor?
09-20 19:23



