China's industrial value added above designated size increased by 5.1% year-on-year in July, with manufacturing growing by 5.3%

On August 15, the National Bureau of Statistics released data showing that in July, the value added of industrial enterprises above designated size increased by 5.1% year-on-year (the growth rate of value added is the actual growth rate excluding price factors). From a month-on-month perspective, in July, the value added of industrial enterprises above designated size increased by 0.35% compared to the previous month. From January to July, the value added of industrial enterprises above designated size increased by 5.9% year-on-year.

Viewed by Three Major Categories:

In July, the value added of the mining industry increased by 4.6% year-on-year, manufacturing increased by 5.3%, and electricity, heat, gas, and water production and supply increased by 4.0%.

Viewed by Economic Types:

In July, the value added of state-owned holding enterprises increased by 3.5% year-on-year; that of shareholding enterprises increased by 5.4%, foreign-funded enterprises from Hong Kong, Macao, and Taiwan increased by 4.2%; and private enterprises increased by 5.2%.

Viewed by Industry:

In July, out of 41 major industries, 33 industries maintained year-on-year growth in value added.

The coal mining and washing industry increased by 4.7%, the petroleum and natural gas extraction industry increased by 5.7%, the processing of agricultural and sideline products industry increased by 0.2%, the alcohol, beverage, and refined tea manufacturing industry increased by 2.7%, the textile industry increased by 5.9%, the chemical raw materials and chemical products manufacturing industry increased by 8.6%, the non-metallic mineral products industry decreased by 2.9%, the black metal smelting and pressing industry decreased by 1.5%, the non-ferrous metal smelting and pressing industry increased by 9.4%, the general equipment manufacturing industry increased by 3.2%, the special equipment manufacturing industry increased by 2.5%, the automobile manufacturing industry increased by 4.4%, the railway, shipbuilding, aerospace and other transportation equipment manufacturing industry increased by 12.7%, the electrical machinery and equipment manufacturing industry increased by 2.8%, the computer, communication and other electronic equipment manufacturing industry increased by 14.3%, and the electricity, heat production and supply industry increased by 3.2%.

Viewed by Products:

In July, out of 619 products in industrial enterprises above designated size, 367 products saw a year-on-year increase in output.

Steel output was 114.36 million tons, a decrease of 4.0% year-on-year; cement output was 153.68 million tons, a decrease of 12.4%; ten kinds of non-ferrous metals totaled 6.56 million tons, an increase of 8.2%; ethylene output was 2.77 million tons, an increase of 8.6%; automobile output was 2.297 million vehicles, a decrease of 2.4%, including 0.988 million new energy vehicles, an increase of 27.8%; electricity generation was 883.1 billion kilowatt-hours, an increase of 2.5%; crude oil processing volume was 59.06 million tons, a decrease of 6.1%.

In July, the sales rate of industrial enterprises above designated size was 97.2%, a year-on-year decrease of 0.5 percentage points; the export delivery value of industrial enterprises above designated size reached 1.2785 trillion yuan, a nominal increase of 6.4% year-on-year.