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National Bureau of Statistics: The added value of equipment manufacturing industry increased by 9.9% in April

2024-05-23

In April, all regions and departments solidly promoted high-quality development, intensified the implementation of macro policies, produced demand grew steadily, employment prices generally improved, social expectations continued to improve, high-quality development was solidly promoted, and the national economy was generally stable, continuing to rebound and improve.


Industrial production has accelerated, and the equipment manufacturing industry and high-tech manufacturing industry have grown rapidly


In April, the added value of industrial enterprises above the designated size increased by 6.7 percent year-on-year, 2.2 percentage points faster than the previous month, and 0.97 percent month-on-month.


In terms of the three major categories, the added value of the mining industry increased by 2.0 percent year-on-year, the manufacturing industry increased by 7.5 percent, and the production and supply of electricity, heat, gas, and water increased by 5.8 percent. The added value of the equipment manufacturing industry increased by 9.9 percent, an increase of 3.9 percentage points over the previous month, and the added value of the high-tech manufacturing industry increased by 11.3 percent, an increase of 3.7 percentage points. In terms of economic types, the added value of state-controlled enterprises increased by 5.4 percent; joint-stock enterprises increased by 6.9 percent, and foreign-funded enterprises and enterprises with investment from Hong Kong, Macao, and Taiwan increased by 6.2 percent; The private sector grew by 6.3 per cent. In terms of products, the output of 3D printing equipment, new energy vehicles, and integrated circuit products increased by 55.0%, 39.2% and 31.9% year-on-year respectively. From January to April, the added value of industrial enterprises above the designated size increased by 6.3 percent year-on-year, 0.2 percentage points faster than that from January to March. In April, the manufacturing purchasing managers' index was 50.4%, and the expected index of business and business activities was 55.2%. From January to March, the total profit of industrial enterprises above the designated size reached 1,505.5 billion yuan, a year-on-year increase of 4.3 percent.

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On the whole, the national economy operated smoothly in April, although some indicators were affected by factors such as the wrong month of holidays and the high base of the same period last year, the growth rate slowed down, but the main indicators such as industry, exports, employment, and prices improved overall, and the new momentum maintained rapid growth, and the national economy continued to pick up and improve, and positive factors accumulated. However, it should also be noted that the complexity, severity and uncertainty of the external environment have increased significantly, and the economy is still facing many difficulties and challenges in its sustained recovery. In the next stage, it is necessary to adhere to the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, fully implement the spirit of the meeting of the Political Bureau of the CPC Central Committee, adhere to the general tone of the work of seeking progress while maintaining stability, completely, accurately and comprehensively implement the new development concept, accelerate the construction of a new development pattern, focus on promoting high-quality development, make efforts to effectively implement the macro policies that have been determined, consolidate and enhance the positive trend of economic recovery, and continue to promote the economy to achieve effective qualitative improvement and reasonable quantitative growth.


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