Entering the fourth quarter, the local industrial economy has seen positive changes. A reporter from Shanghai Securities News found that in October, the year-on-year growth rate of industrial added value in more than half of the provinces in 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 has been significantly accelerated, and the supporting role has continued to strengthen, and it has become the main engine driving industrial economic growth.

Industrial production growth rebounded 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%.

In terms of single-month data, the year-on-year growth rate of industrial added value in more than half of the provinces outperformed the national level of 3.5% in October, 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, due to factors such as the epidemic, floods, and tight supply of some energy and raw materials, industrial production in various regions has slowed down. As the policy of ensuring energy supply and stabilizing prices took effect, industrial production in many places recovered rapidly in October.

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

Shaanxi, a major energy province, performed well. 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 higher than that in September. Among them, the energy industry rebounded rapidly. In the month, the added value of the energy industry above designated size in Shaanxi increased by 4.6% year-on-year, and the growth rate was 20.6 percentage points higher than that in September.

Luo Huanjie, senior researcher of Zhixin Investment Research Institute, said in an interview with a reporter from Shanghai Securities News: "With the support of policies recently, the upstream coal supply has eased compared with the previous period, and the northern heating season has gradually entered the heating season, which has accelerated the production of electricity and heat supply. Industrial production is picking up."

In the list of industrial added value growth rate of 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% year-on-year, of which October increased by 18.3% year-on-year, and the cumulative year-on-year growth rate and single-month growth rate both ranked first in the country.

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 above designated size and strategic emerging industries in Beijing increased by 1.4 times and 1.1 times year-on-year respectively.

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

Judging from local data, the high-tech manufacturing industry in various regions developed rapidly 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 Fujian's high-tech manufacturing industries above designated size increased by 20.1% year-on-year, driving the province's large-scale industrial added value to increase by 12.9 percentage points, with a growth contribution rate of 64.2%; Anhui's high-tech manufacturing industry added value increased by 11.3% year-on-year. The growth rate of industrial added value was 8.3 percentage points higher, contributing 48.1% to the total industrial growth.

In October, new industrial products in many places have doubled. 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, the base station equipment of Fujian mobile communication increased by 1.4 times, and the whole computer equipment of Henan increased by 36.3 times.

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

According to Luo Huanjie's analysis, during the "14th Five-Year Plan" period, the transformation and upgrading of the manufacturing industry will be accelerated in various places, and the production and investment support for high-tech manufacturing will be relatively strong, and the relevant financing and financial support will continue to maintain a high level. Therefore, the development of high-tech manufacturing in various regions continues to improve. With the deepening of my country's economic transformation to high-quality development, the production and investment of high-tech manufacturing will continue to maintain a rapid growth trend.

Can the recovery of industrial production continue in the future? In Luo Huanjie's view, the current tight energy supply situation has eased, and the traditional peak season of consumption and the protection of overseas supply also have some support for industrial production, but the drag from the downturn in real estate investment is still apparent, whether industrial production can continue to maintain the trend of recovery Still to be observed. Judging from the high-frequency data in November, it is expected to end the significant decline in most data in the previous two months.