Visitors view a bicycle gear during the 29th China International Bicycle Fair at the National Exhibition and Convention Center (Shanghai) in Shanghai, east China, May 6, 2019. (Xinhua/Fang Zhe)
"Kingdom of bicycles" reports output drop, while its electric bicycle output goes up.
BEIJING, Nov. 18 (Xinhua) -- China's bicycle output stood at nearly 30 million in the first three quarters of this year, down 7.6 percent year on year, according to official data.
The output of electric bikes climbed 20.2 percent from a year ago to reach 20.9 million in the January-September period, showed data from the Ministry of Industry and Information Technology.
In September alone, bicycle output dropped 4.3 percent year on year to 3.37 million, while the output of electric bikes rose 31 percent year on year to 3.16 million.
A worker is busy with producing bicycle hubs for shared-bikes at a plant in Jinhua City, east China's Zhejiang Province, Jan. 14, 2018. (Xinhua/Zhang Jiancheng)
China's bicycle manufacturers above designated size saw their revenue fall by 1.4 percent year on year to 35.72 billion yuan (about 5.1 billion U.S. dollars) in the first nine months, with their profit surging by 92.1 percent to 1.23 billion yuan.
During the same period, electric bike makers reported a total profit of 2.06 billion yuan, up 16.9 percent year on year, said the ministry. ■
