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Industrial Production Remains Steady in July

Submit Time:11-09-2018 | Zoom In | Zoom Out

Author: | Source:National Bureau of Statistics

Abstract:

  

  In July, industrial production was stable and industrial structure continued to be optimized, representing the ongoing stable and sound development trend. The added value of industries above designated size increased by 6.0% year-on-year, and the growth rate was the same as that in June. Industrial production in July showed the following main features. 

  First, the growth of high-tech industries and strategic emerging industries accelerated. In July, the added value of high-tech industries increased by 11.3% year-on-year, 1.4 percentage points higher than that in June, and 5.3 percentage points higher than that of all industries above designated size, and accounted for 13.0% of that of industries above designated size, up 0.7 percentage point year-on-year. Among them, the added value of electronic and communication equipment manufacturing, aerospace vehicle and equipment manufacturing, and computer and office equipment manufacturing industries maintained double-digit growth. The added value of strategic emerging industries above designated size increased by 8.1% year-on-year, 1.1 percentage points higher than that in June, and 2.1 percentage points higher than that of all industries above designated size, and accounted for 18.2% of that of industries above designated size, up 0.3 percentage point year-on-year. 

  Second, more than half of the industries grew faster than in last month. In July, among the 41 major industries, the added value of 23 industries grew faster than in June. Among them, oil and natural gas exploitation, petroleum processing, chemical engineering, building materials, nonferrous metals and other energy raw materials industries, tobacco, agricultural and sideline food processing, food manufacturing, textile, textile and garment, paper and other consumer goods industries, and electronics, electrical machinery, metal products and other equipment manufacturing industries rebounded significantly. 

  Third, the output of more than half of industrial products increased faster than in last month. Among the 596 major industrial products in the statistics, 334 or 56.0% products saw faster growth or narrowed decline than in June. Among them, service robots, smart TVs, 3D printing equipment, bio-based chemical fibers, solar cells, and integrated circuits maintained rapid growth. 

  Fourth, the growth rate of industrial product exports rebounded, and the contribution rate to value-added growth increased. In July, the export delivery value of industries above designated size increased by 8.7% year-on-year, 5.9 percentage points higher than that in June, and the contribution rate to the added value of industries above designated size was 11.2%, up 10.3 percentage points over June. Among the 41 major industries, 27 industries saw higher growth. Among them, the top five export delivery value of electronics, electrical machinery, general equipment, chemical and automobile manufacturing industries increased by 10.4%, 10.0%, 9.9%, 13.5% and 16.3%, respectively, up 8.9, 5.8, 5.1, 3.0 and 8.4 percentage points over June. 


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