National Bureau of Statistics: China's overall industrial operation maintains stable scale | added value | China
This morning, the State Council Information Office held a press conference to introduce the operation of the national economy in May 2023.
According to Fu Linghui, spokesperson for the National Bureau of Statistics and Director of the Department of Comprehensive Statistics of the National Economy, based on the recently released industrial data for May, China's industrial production has overcome the adverse factors of weak market demand and price decline, and overall continues to recover.
The equipment manufacturing industry has obvious support. In May, the added value of the equipment manufacturing industry increased by 8% year-on-year, significantly faster than the growth rate of all industries above designated size, and contributed more than 70% to the growth of industries above designated size.
Large and medium-sized enterprises are growing rapidly. In May, the added value of large and medium-sized enterprises above designated size increased by 3.6% and 6% respectively, faster than the growth rate of all industrial enterprises above designated size. The overall stability of large and medium-sized enterprises has played an important supporting role in industrial stability.
The trend of industrial high-end, intelligent, and green development is obvious. From January to May, the added value of the aerospace and equipment manufacturing industry increased by 25.9% year-on-year. The added value of the intelligent vehicle equipment manufacturing industry increased by 33%, while the production of new energy vehicles and solar cells increased by 37% and 53.6%, respectively.
Fu Linghui stated that the overall operation of the industry remains stable, but due to adverse effects such as the global economic downturn and obstacles in industrial exports, enterprises face more operational difficulties, and small and micro enterprises face greater pressure. But overall, the future trend is developing well. With the deepening implementation of the innovation driven strategy, solid progress has been made in industrial upgrading, and new driving forces have grown rapidly, continuously enhancing support for industrial production. Especially, China attaches great importance to the development of the manufacturing industry, deeply implements the strategy of building a strong manufacturing country, and various policies and measures to promote the development of the manufacturing industry are gradually becoming effective, which will be conducive to the sustained and healthy development of industry.