LIN · Earnings call · 2026Q3T · Full report

China Market Access

LINDE PLC · 2026-10-29 · Importance 18 · Surprise 40

Management said China’s Q3 steel production declined 2.5% amid a government production-curtailment order, while chemicals were flat and electronics industrial production grew about 17%. Exports supported the economy, but domestic demand remained weak; domestic EV purchases were down approximately 11%–12%. The CEO said a sustained improvement requires domestic consumption to recover and warned that Chinese exports could eventually face resistance, particularly in Europe.