Analysis
BEIJING – Mainland China’s industrial economy showed great resilience in the first half of the year amid complex situations at home and abroad.
The value-added industrial output went up 3.4 percent year on year in the first half of the year. In June alone, industrial output growth quickened to 3.9 percent year on year, expanding by 3.2 percentage points from that in May, official data showed.
Looking ahead, there is much to be anticipated in the high-quality development of the nation’s industrial economy. The following are some facts, figures and development measures of several key sectors provided by the Ministry of Industry and Information Technology (MIIT) at a press conference yesterday.
DIGITAL ECONOMY
China’s digital economy has ranked second in the world for several years and has driven the country’s overall economic growth.
In the first six months of the year, the growth of the “contactless” economy, which includes online shopping, online education and telemedicine, picked up speed, while the total revenue of the electronic information manufacturing, software, communications and internet sectors exceeded 10 trillion yuan.
In the next step, the country will strive to make breakthroughs in core technologies and promote the innovative development of digital industries.
Efforts will be made to accelerate the development of new digital infrastructure, promote the integration of the digital economy and the real economy, strengthen digital economy governance, foster a sound industrial development ecosystem, and deepen international cooperation.
CONSUMER GOODS
Consumer goods play an important role in creating jobs, increasing exports and promoting economic development. In the first half of the year, the value-added output of the consumer goods industry grew by 4.6 percent year on year, demonstrating strong resilience.
Next, enterprises will be encouraged to add customization, green, intelligence and other new elements into their products, create new sources of growth, and meet consumer demand for personalized and high-quality products.
The country will speed up fostering a batch of smart manufacturing demonstration factories in industries such as garments, home appliances, food and medicine.
Efforts will be made to accelerate building a quality traceability system for key consumer goods to boost consumer confidence.
NEW-ENERGY VEHICLES
China’s new-energy vehicle (NEV) industry has grown steadily this year, attracting global attention.
In the first half of the year, the country’s NEV output and sales reached 2.66 million and 2.6 million units, respectively.
More than 10,000 power battery recycling service stations have been built so far, while 1.3 million charging and swapping facilities were built in the January-June period.
Next, China will further expand the promotion scale of NEVs and encourage automobile consumption.
The central government will improve standards, enhance industry supervision, and ensure the supply and stable prices of automobile chips and upstream raw materials. – Xinhua, MPD
This aerial photo taken yesterday shows a view of the Hainan International Convention and Exhibition Center, the venue for the 2nd China International Consumer Products Expo, in Haikou, Hainan province. The expo will be held in Haikou from July 26 to 30. The number of firms attending the expo will exceed last year’s figure, with the exhibition area expanding to 100,000 square meters from 80,000 square meters. The proportion of the exhibition area for foreign enterprises will increase from 75 percent last year to 80 percent this year. – Xinhua
