China Industrial Capacity Utilization Rate Falls to 74.6%

China’s industrial capacity utilization rate decreased to 74.6 percent in the third quarter of 2025 from 75.1 percent in the same period a year earlier. The decline was driven by lower production in the mining (72.5 percent vs 74.6 percent in Q3 of 2024) and manufacturing industry (74.8 percent vs 75.2 percent). Meanwhile, utilization rate remained unchanged for electricity, heat, gas, and water supply (at 74.3 percent). Compared to the second quarter, the industrial capacity utilization was at 74 percent or 0.6 percentage points higher. For the first three quarters of 2025, capacity utilization averaged at 74.2 percent, down 0.4 percentage points in the same period a year ago.