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Industry

China's machinery industry registers January-November growth

January 18, 2021


Abstract : China's machinery industry saw its added value increase 5.5 percent year on year in the first 11 months of 2020, data from the Ministry of Industry and Information Technology shows.

BEIJING, Jan. 17 (Xinhua) -- China's machinery industry saw its added value increase 5.5 percent year on year in the first 11 months of 2020, data from the Ministry of Industry and Information Technology shows.

The pace of growth accelerated from a 4.7 percent rise in the same period of the previous year.

The added value in November alone grew 11.1 percent from one year earlier.

In the January-November period, the machinery sector's operating revenues expanded 3.6 percent to 20.21 trillion yuan (about 3.13 trillion U.S. dollars), and its profits totaled 1.29 trillion yuan, a 10.1 percent growth year on year. Enditem

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Keyword: machinery

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