China Q2 Industrial Capacity Utilization Rate Lowest Since 2020

China’s industrial capacity utilization rate decreased to 74 percent in the second quarter of 2025 from 74.9 percent in the same period a year earlier.

This marked the lowest rate since the first quarter of 2020, mainly due to a decline in production for the mining (72.7 percent vs 75.2 percent in Q2 of 2024) and manufacturing industry (74.3 percent vs 75 percent).

Meanwhile, utilization rate marginally increased for electricity, heat, gas, and water supply (71.5 percent vs 71.4 percent).

In the March quarter, the industrial capacity utilization rate was at 74.1 percent.

Last year, the industrial capacity utilization rate eased slightly to 75% from 75.1% in 2023.