China's industrial output up 7.5 pct in first two months-Xinhua

China's industrial output up 7.5 pct in first two months

Source: Xinhua

Editor: huaxia

2022-03-15 13:03:45

Container trucks deliver containers at Rizhao Port in Rizhao, east China's Shandong Province, Jan. 26, 2022. China's value-added industrial output, an important economic indicator, went up 7.5 percent year on year in the first two months of this year, data from the National Bureau of Statistics (NBS) showed Tuesday. (Xinhua/Guo Xulei)

BEIJING, March 15 (Xinhua) -- China's industrial production expanded in the first two months of the year, with the high-tech manufacturing sector posting stellar performance, official data showed Tuesday.

China's value-added industrial output, an important economic indicator, went up 7.5 percent year on year in the period, according to data from the National Bureau of Statistics (NBS).

Despite unfavorable factors such as the COVID-19 pandemic and a complex international environment, China's production demand registered relatively rapid growth, NBS spokesperson Fu Linghui said.

The output of the high-tech manufacturing sector jumped 14.4 percent year on year from January to February.

Specifically, the output of new energy vehicles logged a marked increase of 150.5 percent, while that of industrial robots and solar batteries jumped 29.6 percent and 26.4 percent year on year, respectively.

In a breakdown by ownership, the output of state-owned enterprises rose 5.9 percent from a year earlier, and the private sector's output increased 8.7 percent.

The industrial output is used to measure the activity of designated large enterprises with an annual business turnover of at least 20 million yuan (about 3.14 million U.S. dollars).

The purchasing managers' index for China's manufacturing sector came in at 50.2 in February, up from 50.1 in January.

Staff members work on an assembly line at a farm machinery manufacturing company in Jining City, east China's Shandong Province, Feb. 15, 2022. China's value-added industrial output, an important economic indicator, went up 7.5 percent year on year in the first two months of this year, data from the National Bureau of Statistics (NBS) showed Tuesday. (Xinhua/Guo Xulei)

Staff members work on an assembly line at a farm machinery manufacturing company in Jining City, east China's Shandong Province, Feb. 15, 2022. China's value-added industrial output, an important economic indicator, went up 7.5 percent year on year in the first two months of this year, data from the National Bureau of Statistics (NBS) showed Tuesday. (Xinhua/Guo Xulei)

Aerial photo taken on Jan. 26, 2022 shows Rizhao Port in operation in Rizhao, east China's Shandong Province. China's value-added industrial output, an important economic indicator, went up 7.5 percent year on year in the first two months of this year, data from the National Bureau of Statistics (NBS) showed Tuesday. (Xinhua/Guo Xulei)

A staff member works on an assembly line at a farm machinery manufacturing company in Jining City, east China's Shandong Province, Feb. 15, 2022. China's value-added industrial output, an important economic indicator, went up 7.5 percent year on year in the first two months of this year, data from the National Bureau of Statistics (NBS) showed Tuesday. (Xinhua/Guo Xulei)

Aerial photo taken on Jan. 26, 2022 shows Rizhao Port in operation in Rizhao, east China's Shandong Province. China's value-added industrial output, an important economic indicator, went up 7.5 percent year on year in the first two months of this year, data from the National Bureau of Statistics (NBS) showed Tuesday. (Xinhua/Guo Xulei)