BEIJING, Nov. 25 (Xinhua) -- China's local industrial economies see positive changes in Q4 with industrial added value in over half of China's provinces, municipalities and autonomous regions rebounding year-on-year growth in October from September and industrial growth rate in provinces such as Guangdong, Shaanxi and Hubei turning positive boosted by rapidly developing high-tech manufacturing as a major growth engine of the industrial economy.
-- Industrial production growth bounces back in 16 provinces
China's local industrial economies are running smoothly in general with the added value of industries above designated size growing in the first ten months of this year in 31 provinces, municipalities and autonomous regions, within which the figures in 17 provinces, municipalities and autonomous regions witness an accumulated year-on-year growth beyond 10 percent, according to the latest data of the National Bureau of Statistics (NBS).
In terms of monthly statistics, the industrial added value year-on-year growth in over half of China's provinces, municipalities and autonomous regions outpaces the average level of 3.5 percent nationwide as well as the industrial added value in Beijing, Tibet, Hainan and Qinghai realizes a two-digit year-on-year growth in October.
There has been a slowdown of industrial production since the second half of 2021 due to the COVID-19 pandemic, flooding and raw material shortage. However, industrial production bounces back rapidly in October as the policy of ensuring supply and stabilizing prices has been implemented.
Industrial production growth picked up in 16 provinces, municipalities and autonomous regions in October from the previous month, with Guangdong, Shaanxi, Hubei and Tianjin turning from negative to positive, according to the NBS's data.
Shaanxi Province, China's major energy producer, witnesses prominent growth. The added value of industries above designated size in October grew by 5.8 percent year on year, an increase of 15.1 percentage points from September. The energy industry rebounded rapidly with a year-on-year growth of 4.6 percent of added value of industries above designated size in October, a surge of 20.6 percentage points from September.
Under the support of policies, the shortage of upstream coal supply has been balanced while the accelerated supply and production of electricity and heating brought by the heating season in China's northern regions lead to the recovery of local industrial production, said Luo Huanjie, a senior researcher with an investment research institute.
Beijing ranks first in the growth rate of industrial added value among 31 provinces, municipalities and autonomous regions, with the added value of industries above designated size climbing by 36.7 percent year on year from January to October and a year-on-year increase of 18.3 percent in October alone, rendering the city top 1 nationwide in accumulated year-on-year growth and monthly growth.
High-tech industries play a leading role in Beijing's industrial production growth. From January to October, the added value of high-tech manufacturing and strategic emerging industries above designated size in Beijing increases by 1.4 times and 1.1 times year on year respectively led by key industries such as medicine and electronics, according to the Beijing Municipal Bureau of Statistics.
-- High-tech manufacturing as a major growth engine of local industries
China's high-tech manufacturing flourishes nationwide in October, far outpacing the average level of industrial growth and becoming the main driving force of local industrial production.
For example, the added value of high-tech manufacturing above designated size in Fujian Province rises by 20.1 percent year on year, driving the figure of the whole province by 12.9 percentage points and contributing 64.2 percent to industrial growth. The added value of high-tech manufacturing above designated size in Anhui Province witnesses a year-on-year increase of 11.3 percent, 8.3 percentage points higher than the overall industrial added value, contributing 48.1 percent to overall industrial growth.
The output of new industrial products doubles in many places in October. For example, the output of new-generation IT products such as 3D printers and servers increases by 1.2 times and 1.7 times respectively in Jiangsu Province while the output of Anhui's new energy vehicles, Fujian's mobile base station equipment, and Henan's computer sets increase by 1.6 times, 1.4 times and 36.3 times, respectively.
The industrial production continues to rebound in October in Anhui Province, especially with equipment manufacturing and emerging industries maintaining the momentum as a new economic engine to prop up high-quality development of industries, said an official with Anhui Provincial Bureau of Statistics.
During the 14th Five-Year Plan period, local governments are accelerating the transformation and upgrading of manufacturing, providing financing support for the production and investment of high-tech manufacturing, which all lead to the industry's thriving development, Luo added.
(Edited by Tian Shenyoujia with Xinhua Silk Road, tianshenyoga0524@163.com)
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