National Bureau of Statistics: Industrial Value Added Above Designated Size Grows 6.4 Percent in July

Release time:

2021-08-23

According to the website of the National Bureau of Statistics, in July, the value added of industries above designated size increased by 6.4 percent in real terms year-on-year (the following value-added growth rates are all real growth rates net of price factors), up 11.5 percent from the same period in 2019 and an average two-year increase of 5.6 percent. From a month-on-month perspective, in July, the added value of industries above designated size increased by 0.30 over the previous month. From January to July, the added value of industries above designated size increased by 14.4 percent year-on-year, with an average growth of 6.7 percent in two years.

National Bureau of Statistics: Industrial Value Added Above Designated Size Grows 6.4 Percent in July

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In three major categories, in July, the value added of the mining industry increased by 0.6 percent year-on-year; the manufacturing industry increased by 6.2 percent; and the electricity, heat, gas and water production and supply industries increased by 13.2 percent.

In terms of economic types, in July, the added value of state-controlled enterprises increased by 7.2 percent year-on-year; joint-stock enterprises increased by 7.1 percent, foreign and Hong Kong, Macao and Taiwan-invested enterprises increased by 3.8 percent; and private enterprises increased by 6.1 percent.

In terms of industries, in July, 35 of the 41 major industries maintained year-on-year growth in added value. The agricultural and sideline food processing industry grew by 5.9 per cent, the textile industry by 1.0 per cent, the chemical raw materials and chemical products manufacturing industry by 6.6 per cent, the non-metallic mineral products industry by 5.9 per cent, the ferrous metal smelting and rolling processing industry by 2.6 per cent, the non-ferrous metal smelting and rolling processing industry by 2.3 per cent, the general equipment manufacturing industry by 7.6 per cent, the special equipment manufacturing industry by 5.3 per cent, and the automobile manufacturing industry by 8.5 per cent, the railway, shipbuilding, aerospace and other transportation equipment manufacturing industry increased by 4.6 per cent, the electrical machinery and equipment manufacturing industry increased by 10.3 per cent, the computer, communications and other electronic equipment manufacturing industry increased by 13.0 per cent, and the power and heat production and supply industry increased by 12.7 per cent.

In terms of products, in July, the output of 333 out of 612 products increased year on year. Steel 111 million tons, down 6.6 percent year-on-year; cement 205.82 million tons, down 6.5 percent; ten non-ferrous metals 5.37 million tons, up 7.1 percent; ethylene 2.38 million tons, up 23.5 percent; 1.853 million cars, down 15.8 percent, including 289000 new energy vehicles, up 162.7 percent; power generation 758.6 billion kWh, up 9.6 percent; crude oil processing 59.06 million tons, down 0.9 percent.

In July, the product sales rate of industrial enterprises was 97.7 percent, down 0.7 percentage points from the same period last year, while the export delivery value of industrial enterprises was 1160.7 billion billion yuan, up 11.0 percent in nominal terms over the same period last year.

(Source: China Economic Net)

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