In April, the value-added of industries above the national scale increased by 5.4% year-on-year, falling by 3.1 percentage points from last month and accelerating by 0.1 percentage points from January to February. From January to April, the value-added of industries above the national scale increased by 6.2% year-on-year, and the growth rate was the same as that of the previous year. In terms of economic types, in April, the added value of state-owned holding enterprises increased by 6.0%, joint-stock enterprises by 6.3% and foreign and Hong Kong, Macao and Taiwan-invested enterprises by 2.5%. In three categories, the value-added of mining industry increased by 2.9%, manufacturing industry by 5.3% and the production and supply of electricity, heat, gas and water by 9.5%. The value-added of high-tech manufacturing industry increased by 11.2% year on year, 5.8 percentage points faster than that of industries above scale, and the output of new energy vehicles and micro-computer equipment increased by 17.1% and 16.6% year on year, respectively. In April, the purchasing manager index (PMI) of China's manufacturing industry was 50.1%, which remained in the expansion range. The production index and the new order index were 52.1% and 51.4% respectively, which were higher than the critical point.
Industrial Production Is Basically Stable And New Products In New Industries Are Growing Rapidly.
- May 16, 2019-