China’s industrial output continued to show steady growth in August, driven by emerging growth sectors and robust exports.
According to official data released by the National Bureau of Statistics (NBS), the country’s value-added industrial output, a key economic indicator, increased by 4.5 percent year-on-year in August.
Month-over-month, industrial output rose by 0.32 percent from July, reported Xinhua.
Measuring industrial activity
This output reflects the activities of enterprises with an annual main business turnover of at least 20 million yuan (approximately $2.82 million).
During a press conference, NBS spokesperson Liu Aihua noted that nearly 80 percent of industries and over 50 percent of products experienced year-on-year growth.
The equipment manufacturing sector accounted for 47.9 percent of the overall industrial output increase, highlighting the strengthening of new growth drivers within the manufacturing landscape.
Notable increases in key sectors
In August, the output of electronic and communication devices recorded double-digit year-on-year growth for the tenth consecutive month. Notably, the value-added output of smart unmanned aircraft surged by 54 percent, while production of new energy vehicles increased by 30.5 percent, Liu reported.
Strong export performance
Additionally, the export delivery value of the industrial sector rose by 6.4 percent year-on-year in August, sustaining a strong growth trend. The automobile sector also saw double-digit growth for nine months in a row, Liu stated.
For the first eight months of the year, the value-added industrial output demonstrated stable growth at 5.8 percent year-on-year, according to NBS data.
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