AI Data Insight
In the first quarter of 2026, China's industrial capacity utilization rate dropped to 73.6%, representing a significant decline of 1.3 percentage points from 74.9% in the previous quarter, and falling below optimistic market expectations. Despite achieving strong GDP growth in the same quarter, sub-sectors such as mining and water, electricity, and gas supply broadly weakened, highlighting uneven domestic demand and destocking pressure in traditional industries. In the short term, the development of policy stimulus and foreign trade barriers must be closely monitored.