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Economy

Graphics: Recovery of China's industrial economy on track: ministry

October 20, 2021


Abstract : The recovery of China's industrial economy is on track with strong resilience and momentum, the Ministry of Industry and Information Technology said Tuesday.

BEIJING, Oct. 19 (Xinhua) -- The recovery of China's industrial economy is on track with strong resilience and momentum, the Ministry of Industry and Information Technology said Tuesday.

Citing the industrial output data published on Monday, Luo Junjie, a spokesperson for the ministry, said it showed that the growth rate of major economic indicators has stayed within a reasonable range.

The country's value-added industrial output went up 11.8 percent year on year in the first three quarters of this year, putting the average Jan.-Sept. growth for the past two years at 6.4 percent.

The output of the high-tech manufacturing sector jumped 20.1 percent year on year in the first nine months, faster than the growth pace of the overall industrial output.

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Keyword: China's industrial economy

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