In a recent interview, a spokesperson from CCTV highlighted significant developments in China’s industrial sector over the first three quarters of this year. Driven by factors such as strong exports, the growth of new drivers in the economy, and effective implementation of policies, the industrial added value for industries above a designated size increased by 5.8% year-on-year. This growth has played a crucial role in stabilizing the country’s economic development.
The spokesperson noted that during this period, China’s manufacturing sector continued to expand, enhancing the security of key industrial and supply chains. The industrial added value contributed nearly 40% to the country’s GDP, with the equipment manufacturing sector alone seeing a 7.5% increase. Notably, industries such as automotive and electronics experienced rapid growth, with production of new energy vehicles, integrated circuits, and 3D printing equipment all achieving double-digit growth, positioning them as vital engines for industrial expansion.
Furthermore, the spokesperson pointed out a clear trend towards industrial transformation and upgrading. High-tech manufacturing industries reported a 9.1% increase in added value, indicating a swift cultivation of new growth momentum. Leading the way were green products, represented by the “new three items”—new energy vehicles, lithium batteries, and photovoltaic products—all of which continued to show robust double-digit production increases. Other competitive sectors such as wind, nuclear, and solar power also maintained rapid growth. Additionally, areas like information transmission, software, and IT services, along with digital product manufacturing, have seen quick added value growth, bringing renewed energy to the high-quality development of China’s industrial economy.
