The industrial production continued to pick up in May

Jul 03, 2020  |  by zhaoxh


 
In May, the total value added of the industrial enterprises above the designated size grew by 4.4 percent year on year, 0.5 percentage points higher than the growth of April, or up by 1.53 percent month on month. In the first five months, the total value added of the industrial enterprises above the designated size dropped by 2.8 percent year on year, a decline narrowed by 2.1 percentage points compared with that of the first four months. An analysis by types of ownership in May showed that, the value added of the state holding enterprises went up by 2.1 percent year on year; share-holding enterprises up by 4.8 percent; enterprises funded by foreign investors or investors from Hong Kong, Macao and Taiwan up by 3.4 percent; and private enterprises up by 7.1 percent. In terms of sectors, the value added of the mining went up by 1.1 percent, the manufacturing up by 5.2 percent and the production and supply of electricity, thermal power, gas and water up by 3.6 percent. In May, the value added of equipment manufacturing and high-tech manufacturing grew by 9.5 percent and 8.9 percent respectively, 5.1 percentage points and 4.5 percentage points faster than that of the industrial enterprises above the designated size. Specifically, the output of excavating and shoveling machinery, microcomputers, cables, automobiles and industrial robots grew by 62.1 percent, 22.3 percent, 20.8 percent, 19.0 percent and 16.9 percent year on year respectively.
In the first four months, the total profits made by industrial enterprises above the designated size was 1,259.8 billion yuan, down by 27.4 percent year on year, or a decline narrowed by 9.3 percentage points compared with that of the first three months. In April, the total profits of industrial enterprises above the designated size went down by 4.3 percent year on year, a decline narrowed by 30.6 percentage points compared with that of March.

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