National Bureau of Statistics of the People's Republic of China: Industrial Production is recovering

According to a report on the national statistics website, the National Bureau of Statistics of the People's Republic of China on the 15th released data on April's industrial added value of industries above the scale. Jiangyuan District, deputy director of the National Bureau of Statistics of the People's Republic of China, said that the relevant data reflected a general increase in the level of reproduction, the gradual resumption of industrial production and other characteristics. In April, with the central government's coordinated promotion of epidemic prevention and control and the gradual implementation of various policies and measures for economic and social development, economic and social order was further restored, and the year-on-year growth rate of industrial production shifted from a decline to an increase, the growth rate of most industries, products and regions changed from negative to positive. However, from the cumulative point of view in April 1, the decline of industrial production is still obvious, and the downward pressure on the industrial economy is still large. First, the level of resumed production was generally raised and industrial production was gradually resumed. As of April 24,84.6 percent of industrial enterprises above that size had reached more than half the normal level of production, up 4.1 percentage points from the beginning of April, according to a National Bureau of Statistics of the People's Republic of China survey 60.8 percent of enterprises reached more than 80 percent of the normal production level, up 9.6 percentage points from the beginning of April. In April, the value added of industries above the size of the economy grew 3.9 percent from a year earlier, after falling 1.1 percent small and medium enterprises. 1. Industrial production fell 4.9% in April from a year earlier, a decline of 3.5 percentage points from the first quarter. Second, the majority of industries and regions to achieve growth, product growth continued to expand. Sector by sector, 28 of the 41 major sectors recorded year-on-year growth in value added in April, with the number of sectors increasing by 12 from the previous month; and 33 sectors showed faster or smaller declines than the previous month. By region, 27 of the 31 provinces, municipalities and autonomous regions registered growth, up 9 from the previous month. By product, of the 612 industrial products included in the statistics, 367 products registered an increase of 140 over the previous month, with an increase of 60.0 percent and an increase of 22.9 percentage points over the previous month. The growth rate of 429 products accelerated or decreased, accounting for 70.1 percent. Third, the equipment manufacturing industry has improved markedly and auto production has rebounded sharply. The value added of the equipment manufacturing sector rose 9.3 per cent in April from a year earlier, after falling 3.6 per cent last month. Among them, the auto manufacturing sector grew 5.8% , after falling 22.4% last month, while the special equipment, instrumentation, electrical machinery, metal products and general equipment sectors all turned from negative to positive, with growth rate ranging from 7.5% to 14.3%  Computer Electronics, railway ships, aerospace industry growth of 11.8% , 5.7% , the growth rate accelerated for the second consecutive month. By product, the number of vehicles produced in April was 2.1 million, a 5.1 percent increase from a 43 percent decrease in the previous month. Industrial robots were up 26.6 percent, while electric generator, excavators, concrete machinery and fiber optic cables were all up more than 40 percent, the growth rate was more than 10 percentage points higher than that of the previous month, while the growth rate of computer, integrated circuits, railway freight cars and civil steel ships was between 29.2% and 115.6% , all of which were significantly faster than the previous month. Fourth, the production of high-tech manufacturing continues to accelerate and the growth of emerging products is high. High-tech manufacturing grew 10.5 per cent year-on-year in April, up 1.6 percentage points from the previous month. Among them, the computer and office equipment manufacturing sector and the medical equipment and instrumentation manufacturing sector grew by 25.7% and 22.2% respectively, with a significant increase of more than 15 percentage points. The electronic and communications equipment manufacturing sector grew by 9.7% , we will continue to maintain rapid growth. Among the emerging products, the growth rates of new materials and electronic products such as 3D printing equipment, smart watches, ultra-white glass for the solar energy industry, carbon fiber and its composites, and smart bracelets were 344.7% , 127.4% , 57.6% , 47.3% and 31.2% respectively, continued its rapid growth. Fifth, the basic raw material industry rebound significantly, cement, crude steel output growth. Investment demand has gradually recovered, infrastructure construction has been accelerated, and raw material industries have recovered relatively quickly. In April, the non-metallic mineral mining industry and the non-metallic mineral products industry increased by 5.5% , 4.2% and 6.9% , 4.6% and 3.2% respectively, respectively Affected by international crude oil prices, petrochemical industry production continued to decline, but the decline was significantly narrowed; cement, crude steel output growth from negative to positive, ten Non-ferrous metal accelerated. Sixth, production in the consumer goods industry continued to pick up, and medical and epidemic prevention supplies continued to grow rapidly. In April, the paper and food industries grew by 7.9% and 7.5% , respectively, 7.1 and 1.8 percentage points faster than the previous month, while the printing, agricultural and non-staple food, textile and chemical fiber industries increased from negative to positive, the growth rate is between 0.5% and 5.8% , while the decline rate of wine, beverage, tea, clothing, furniture, culture, education, art and other industries has narrowed. The production of medical epidemic prevention materials has maintained rapid growth. The output of face masks has increased by 12 times, and the output of medical instruments, equipment and alcohol has increased by more than 50% . The supply of basic necessities and anti-epidemic materials has remained adequate and stable. Although industrial production continued to recover in April, we can see that the cumulative industrial added value dropped by 4.9% from a year earlier in January to April. Most industries and products grew at a negative rate. The impact of the epidemic on the industrial economy is continuing, especially the impact of the epidemic abroad is emerging, and the downward pressure on the industrial economy is still relatively large. In the next step, we should continue to do a solid job of "six stability" , carry out the "six guarantees" task, help enterprises resume production and order recovery, and promote the gradual resumption of normal operation of the industrial economy.