22

2022

-

02

Rapid recovery of industrial production in many places, high-tech manufacturing growth is obvious


Entering the fourth quarter, the local industrial economy showed positive changes. A reporter from the Shanghai Securities News found that in October, the year-on-year growth rate of industrial added value in more than half of the provinces across the country rebounded from the previous month, and the growth rate of industrial production in Guangdong, Shaanxi, Hubei, Tianjin and other places turned from negative to positive. The production of high-tech manufacturing industry has accelerated significantly, and its supporting role has continued to increase, which has become the main engine of industrial economic growth.

Entering the fourth quarter, the local industrial economy showed positive changes. A reporter from the Shanghai Securities News found that in October, the year-on-year growth rate of industrial added value in more than half of the provinces across the country rebounded from the previous month, and the growth rate of industrial production in Guangdong, Shaanxi, Hubei, Tianjin and other places turned from negative to positive. The production of high-tech manufacturing industry has accelerated significantly, and its supporting role has continued to increase, which has become the main engine of industrial economic growth.

Industrial production growth picks up in 16 provinces

At present, the overall operation of the local industrial economy is stable. According to the latest data from the National Bureau of Statistics, in the first 10 months of this year, the industrial added value of 31 provinces above designated size all achieved growth, and the cumulative year-on-year growth rate of industrial added value in 17 provinces exceeded 10%.

Judging from the monthly data, the year-on-year growth rate of industrial added value in more than half of the provinces in October outperformed the national level of 3.5, and the industrial added value of Beijing, Tibet, Hainan, and Qinghai all achieved double-digit growth year-on-year.

Since the second half of the year, industrial production has slowed down due to factors such as epidemics, floods, and tight supply of some energy and raw materials. With the energy supply and price stabilization policy effective, industrial production in many places recovered rapidly in October.

According to the Bureau of Statistics, the growth rate of industrial production in 16 provinces rebounded from the previous month in October, while the growth rate of industrial production in Guangdong, Shaanxi, Hubei and Tianjin turned from negative to positive.

Shaanxi, a major energy province, performed outstandingly. In October, the added value of industries above designated size in Shaanxi increased by 5.8 year-on-year, and the growth rate was 15.1 percentage points faster than that in September. Among them, the energy industry rebounded rapidly. In the same month, the added value of Shaanxi's energy industry above designated size increased by 4.6 year-on-year, and the growth rate was 20.6 percentage points faster than that in September.

Luo Huanjie, a senior researcher at the Zhixin Investment Research Institute, said in an interview with a reporter from the Shanghai Securities News: "Recently, with policy support, the upstream coal supply has eased compared with the previous period, and the northern part has gradually entered the heating season to accelerate the production of electricity and heat supply. Industrial production in many places has picked up."

In the ranking of industrial added value growth in 31 provinces across the country, Beijing occupies the first place. Data show that from January to October, the added value of industries above designated size in Beijing increased by 36.7 percent year-on-year, of which 18.3 percent year-on-year in October, ranking first in the country in terms of cumulative year-on-year growth rate and monthly growth rate.

Beijing's industrial production is growing well, and high-end industries have played a leading role. According to data disclosed by the Beijing Municipal Bureau of Statistics, driven by key industries such as medicine and electronics, from January to October, the added value of high-tech manufacturing and strategic emerging industries above designated size in Beijing increased by 1.4 times and 1.1 times respectively year-on-year.

High-tech manufacturing industry becomes the main engine of local industrial growth

Judging from the data from various regions, the high-tech manufacturing industry in various regions developed surging in October, and the growth rate far exceeded the overall level of the industry, becoming the main driving force for the growth of local industrial production.

For example, the added value of industries above designated size in Fujian's high-tech manufacturing industry increased by 20.1 year-on-year, driving the province's large-scale industrial added value to increase by 12.9 percentage points, and the growth contribution rate reached 64.2; the added value of Anhui's high-tech manufacturing industry increased by 11.3 year-on-year. The growth rate of all industrial added value is 8.3 percentage points higher, contributing 48.1 percent to all industrial growth.

In October, new industrial products in many places increased exponentially. For example, the output of new-generation information technology products such as 3D printing equipment and servers in Jiangsu increased by 1.2 times and 1.7 times respectively, the output of new energy vehicles in Anhui increased by 1.6 times, Fujian mobile communication base station equipment increased by 1.4 times, and Henan electronic computers increased by 36.3 times.

The relevant person in charge of the Anhui Bureau of Statistics pointed out that in October, the province's industrial production continued to recover, especially the equipment manufacturing industry and emerging industries maintained a good momentum of development, and new momentum continued to increase, which was conducive to supporting high-quality industrial development.

Luo Huanjie analyzed that during the "14th Five-Year Plan" period, various regions accelerated the transformation and upgrading of the manufacturing industry, and the production and investment support for the high-tech manufacturing industry was relatively large, and the related financing and financial support continued to maintain a high level. Therefore, the development of high-tech manufacturing industry around the continued to improve. With the deepening of China's economic transformation to high quality, the production and investment of high-tech manufacturing industry will maintain a rapid growth trend.

The future of industrial production recovery trend can continue? In the view of Luo Huan Jie, the current tight energy supply situation has eased, the traditional consumption season and the protection of overseas supply and other aspects of industrial production also have some support, but the real estate investment downward drag is still emerging, industrial production can continue to maintain the recovery trend is still to be observed. Judging from the high-frequency data in November, it is expected to end the situation that most of the data in the previous two months have seen a significant decline.

Keywords: printing machine