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Industry

China's electronic information manufacturing posts steady growth in first 10 months

December 10, 2019


Abstract : China's electronic information manufacturing sector reported steady expansion in the first 10 months of the year, official data showed.

BEIJING, Dec. 7 (Xinhua) -- China's electronic information manufacturing sector reported steady expansion in the first 10 months of the year, official data showed.

Operating revenue of companies above designated size rose 4.7 percent year on year in the Jan.-Oct. period, according to the Ministry of Industry and Information Technology (MIIT).

During the period, the total profit of these companies increased 6 percent year on year, surpassing the 3.6-percent yearly growth pace in the first nine months.

Fixed-asset investment in the industry increased 13.6 percent year on year, up 2 percentage points from the first three quarters, according to the MIIT.

In October alone, the added value of the industry went up 8.2 percent year on year, while that of the first 10 months grew 8.8 percent from one year earlier.

In breakdown, computer manufacturing industry reported strong performance from January to October, with the operating revenue and total profit climbing 4.4 percent and 14 percent year on year, respectively.

In October, the industry saw the output of laptops expand 8.2 percent and that of tablets up 11.7 percent year on year.

MIIT data also showed the country's output of integrated circuit surged 23.5 percent year on year in October, while that of cellphones registered a yearly growth of 2.9 percent.

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Keyword: China economy electronic information manufacturing

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