China’s SME Industrial Profits Up 13.8% in First Eight Months of 2025

The headline growth figure carries weight beyond the SME segment itself: industrial SMEs sit deep in Chinese supply chains, so their profit recovery feeds directly into the demand outlook for industrial metals and other real-economy commodities that tokenized RWA products increasingly track. The detail that this is the strongest such period since 2022 suggests margin conditions have genuinely improved rather than merely stabilized. Whether the momentum holds through the remainder of the year, and whether it broadens beyond the SME tier, is the open question for RWA markets watching Chinese industrial demand.