According to the latest statistics of the National Bureau of Statistics, from January to July 2017, the added value of China's industrial enterprises above designated size increased by 6.9%.
In the month of July, the added value of China's industrial enterprises above designated size increased by 6.4% year-on-year, down 1.2 percentage points from June. In terms of the chain, in July, the added value of industrial enterprises above designated size increased by 0.41% from the previous month.
Production situation:
Statistics show that from January to July, China's plastic products output was 45.30 million tons, an increase of 3.7% year-on-year; in July, the monthly output was 6.895 million tons, an increase of 2.0%.
From January to July, the output of plastics in the primary form was 49.95 million tons, an increase of 4.2% year-on-year; the output in July was 7.14 million tons, an increase of 2.6%.
From January to July, the output of synthetic rubber was 3.333 million tons, up 5.6% year-on-year; the output in July was 508,000 tons, down 0.4% year-on-year.
Expert interpretation:
According to Jiang Yuan, senior statistician of the Industry Department of the National Bureau of Statistics, from January to July, the added value of China's industrial enterprises above designated size increased by 6.8% year-on-year, and the growth rate was 0.1 percentage points lower than that of the first half of the year, but 0.8 percentage points higher than the same period of last year. Among them, the industrial growth in July was 6.4%, and the overall situation continued to maintain a stable operation.
Main features of industrial production in July:
First, two-thirds of the product output achieved year-on-year growth. In July, 398 of the 596 products in the statistics achieved year-on-year growth, with a growth rate of 66.8%. Among them, industrial robots, construction machinery, urban rail vehicles, new energy vehicles, engines, solar cells, optoelectronic devices, optical fibers, power station boilers, room air conditioners, and microcomputer equipment have maintained rapid growth.
Second, the growth of the industry has remained stable. In July, 37 of the 41 major industries maintained an increase in value added, mainly in the power industry and high-tech industries, equipment manufacturing, and consumer goods manufacturing sectors.
Third, high-tech industries and equipment manufacturing industries continued to maintain double-digit growth. In July, the high-tech industry and equipment manufacturing industry increased by 12.1% and 10.7% respectively, and the growth rate was higher than the growth rate of industrial enterprises above designated size by 5.7 and 4.3 percentage points respectively. Among them, electronic and communication equipment, instrumentation, general-purpose equipment, automotive, electrical machinery, medicine, aerospace equipment and equipment manufacturing industry maintained rapid growth.
In July, China's industrial production growth fluctuated, which was affected by extreme high temperature weather. Some enterprises were caused by short-term non-economic factors such as high temperature vacation and suspension of maintenance.
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