BEIJING, May 27 (Xinhua) -- China aims to turn itself into a quality manufacturer and develop an advanced manufacturing system.
The trade frictions with the United States may cause short-term disruptions but will not prevent China from realizing that goal.
The following information provides a quick overview of the country's industrial vitality.
-- China's industrial output increased 6.2 percent year on year in the first four months, the same pace as that for the whole year of 2018.
-- The output of the high-tech manufacturing sector surged 11.2 percent in April, more than doubling the pace of overall industrial output growth.
-- Investment in high-tech manufacturing and services surged 11.4 percent and 15.5 percent year on year respectively during the January-April period.
-- Major industrial firms' operating revenue reached 32.84 trillion yuan, up 5.1 percent year-on-year in the first four months of 2019.
-- Major special-purpose equipment producers recorded a 17.9 percent profit growth, while electrical machinery and device producers' profits climbed 14.5 percent in the period.
-- Iron and steel and oil processing sectors saw narrower profits decline respectively in the first four months, 16.4 percentage points and 4.3 percentage points smaller than that in the January-March period, as the reduction of excess capacity and industrial upgrading have made the sectors more competitive.
-- The asset-liability ratio of major industrial firms declined to 56.8 percent at the end of April, down 0.5 percentage points from a year earlier.
-- The costs which industrial enterprises bore fell by 1.1 yuan from a year earlier to 88.7 yuan for every 100 yuan of revenue they generated in April.
-- The purchasing managers' index for China's manufacturing sector remained steady at 50.1 in April, staying above the boom-bust line of 50.
