China's Large Firms Lift Jan-July Industrial Output 5.3% as High-Tech Manufacturing Jumps 13.8%
Updated
Updated · bastillepost.com · Aug 17
China's Large Firms Lift Jan-July Industrial Output 5.3% as High-Tech Manufacturing Jumps 13.8%
3 articles · Updated · bastillepost.com · Aug 17
Summary
China’s industrial firms above designated size posted 5.3% year-on-year output growth in the first seven months, while July alone rose 4.5%, the National Bureau of Statistics said.
13.8% growth in high-tech manufacturing and 9.7% in equipment manufacturing drove the expansion, outpacing overall industrial output by 8.5 and 4.4 percentage points.
5.6% growth in manufacturing led the major sectors, compared with 5.4% for utilities and 2.5% for mining.
52.3% growth in 3D-printing equipment, 40.2% in lithium-ion batteries and 28.5% in industrial robots underscored Beijing’s push toward advanced manufacturing.