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MIL OSI Translation. Region: Peoples Republic of China-China Statistical Information Network-Chinese-

Industrial production has risen steadily and industrial exports have accelerated significantly

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——Yangtze River, deputy director of the Department of Industry, National Bureau of Statistics, interprets November industrial production data

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In November, as the overall planning of epidemic prevention and control and economic and social development progressed, industrial production showed a steady increase and overall improvement. Product growth continued to expand. The growth rate of high-tech manufacturing rose to a new high during the year. Equipment manufacturing The growth of consumer goods manufacturing has accelerated, the raw material industry has grown steadily, and the export of industrial products has risen sharply.

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   First, industrial production grew steadily and rapidly, and the cumulative growth rate continued to pick up. In November, the national industrial added value above designated size increased by 7.0% year-on-year, an increase of 0.1 percentage point from the previous month and 0.8 percentage point higher than the same period last year. Divided into three categories, the mining industry grew by 2.0%, a decrease of 1.5 percentage points from the previous month; the manufacturing industry grew by 7.7%, 0.2 percentage points faster than the previous month, and the growth rate was the highest since April 2019; electricity, heat, gas, and The water production and supply industry grew by 5.4%, 1.4 percentage points faster than the previous month. From January to November, the industrial added value increased by 2.3% year-on-year, 0.5 percentage points faster than that from January to October.

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   The second is that most products have achieved growth, and the growth area has continued to expand. In November, among the 612 major industrial products, 439 products achieved a year-on-year growth, with an increase of 71.7%, which continued to increase by 1.9 percentage points from the previous month. From January to November, 331 products achieved year-on-year growth, with a cumulative increase of 54.1%, which continued to increase by 2.6 percentage points from January to October.

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   Third, the growth rate of high-tech manufacturing has accelerated sharply, and some emerging products have grown rapidly. In November, the added value of the high-tech manufacturing industry increased by 10.8% year-on-year, a sharp increase of 4.5 percentage points from the previous month, and the growth rate rose to a new high this year. Among them, the pharmaceutical manufacturing industry, medical instrument equipment and instrumentation manufacturing industry, electronic and communication equipment manufacturing industry all achieved double-digit growth. In terms of product breakdown, emerging products such as balance bikes, smart watches, carbon fiber, integrated circuit wafers, 3D printing equipment, and semiconductor discrete devices continued to grow rapidly, with growth rates of 78.1%, 76.3%, 63.3%, 62.0%, 53.9%, 34.4%.

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   Fourth, the supporting role of the equipment manufacturing industry has continued to increase, and the electronics industry has clearly rebounded. In November, the added value of the equipment manufacturing industry increased by 11.4% year-on-year, an acceleration of 0.6 percentage points from the previous month. It maintained double-digit growth for five consecutive months, and continued to strengthen its support for the stability and improvement of industrial production. Among them, the electrical machinery, metal products, automobiles, special equipment, and general equipment industries grew by 18.0%, 13.8%, 11.1%, 10.5%, and 10.2%, respectively, ranking the forefront of all major industrial sectors. The electronics industry, the largest industry in the industry, grew by 9.3%, an increase of 4.3 percentage points from the previous month, stimulating the growth of all industries above designated size by 0.4 percentage points. In terms of product breakdown, the growth rates of excavators, industrial robots, microcomputer equipment, and integrated circuits were 49.9%, 31.7%, 25.4%, and 19.6% respectively, maintaining rapid growth; smartphones turned from a decline to an increase, and the monthly output growth rate rebounded more Obviously; household appliances such as refrigerators, vacuum cleaners, and microwave ovens all grew by more than 30%. Driven by factors such as favorable policies and the release of demand for new models entering the market, new energy vehicles have continued to grow rapidly since the second half of this year, and their production has nearly doubled in the past two months.

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   Fifth, the growth rate of the consumer goods manufacturing industry has picked up, and the growth of the pharmaceutical industry has accelerated significantly. In November, the added value of the consumer goods manufacturing industry increased by 3.0% year-on-year, an acceleration of 0.6 percentage points from the previous month. Driven by factors such as strong domestic and foreign demand for epidemic prevention products and increased production scheduling by enterprises, the pharmaceutical industry grew by 13.6%, a sharp increase of 5.4 percentage points from the previous month. Among them, the production of sub-sectors such as genetic engineering drugs and biopharmaceuticals increased significantly; chemical fiber The textile, furniture, and paper industries grew by 6.6%, 6.5%, 4.4%, and 4.2% respectively, maintaining steady growth; the tobacco industry’s decline was significantly narrower than the previous month.

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   Sixth, the growth rate of the raw material manufacturing industry dropped slightly, and the production of key products was generally stable. In November, the added value of the raw material manufacturing industry increased by 7.2% year-on-year, down 0.4 percentage points from the previous month, and the growth rate was still 0.2 percentage points higher than all industries above designated size. Among them, the steel, chemical, and building materials industries grew by 9.6%, 9.2%, and 7.7% respectively, and continued to maintain rapid growth of more than 7%. The production situation of key products was relatively stable. Ethylene and steel increased by 11.6% and 10.8% respectively. The growth rates of primary form plastics, cement, flat glass, and crude steel all exceeded 7%.

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   Seventh, the growth rate of industrial product exports has accelerated significantly, and the exports of the electronics and electrical machinery industries continue to rise sharply. In November, the export delivery value of industrial products increased by 9.1% year-on-year, an acceleration of 4.8 percentage points from the previous month, and the growth rate was the highest since 2019. The export situation of major industries has further improved. Among them, the exports of the electronics and electrical machinery industries increased by 14.8% and 18.3% respectively, a sharp increase of 8.2 and 6.6 percentage points from the previous month; the export growth rates of the automobile, metal products, and special equipment industries were 20.4%, Both 13.8% and 13.3% maintained rapid growth.

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   At present, the overseas epidemic continues to spread, which has an impact on the security of the international industrial chain and supply chain. Combined with the impact of the domestic sporadic epidemic, the overall recovery of industrial production is uncertain. In the next stage, we should further coordinate the epidemic prevention and control and economic and social development, do a solid job of “six stability”, fully implement the “six guarantees” task, stabilize the industrial chain supply chain, continue to stimulate the vitality of market players and consumption potential, and accelerate the construction of The new development pattern in which the domestic big cycle is the main body and the domestic and international double cycles promote each other will continue to consolidate the stable and positive trend of the industrial economy.

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EDITOR’S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure not be perfect.

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