China's industrial capacity use sees modest rebound in Q3 amid anti-involution push

China's industrial capacity utilization increased slightly in Q3 of 2025, as government efforts to curb involution-style competition gain traction. While the rebound surpasses seasonal expectations, the rate remains near historic lows, highlighting persistent challenges in balancing supply and demand across key sectors.

According to data released by the National Bureau of Statistics (NBS), the capacity utilization rate of large-scale industrial enterprises nationwide was 74.6% in Q3, an increase of 0.6 percentage points from the previous quarter, but it was still 0.5 percentage points lower than the same period last year. Compared with