During the COVID-19 epidemic, China’s manufacturing sector withstood the test posed by the virus, and helped ensure stable global industrial and supply chains.
In August, the country’s exports totaled nearly 1.7 trillion yuan, up 11.6 percent, an increase that has been attributed to the rapid recovery of China’s manufacturing sector.
China has taken the lead in resuming work and production as the pandemic continues to disrupt global industrial and supply chains, said Han Jianfei, a researcher at CCID, a think tank under the Ministry of Industry and Information Technology, adding that the sharp rebound in China’s export growth reflects the resilience of the country’s manufacturing sector.
The country’s manufacturing purchasing managers’ index stood at 51 in August, above the 50-point mark that separates monthly growth from contraction. The sub-index for new orders stood at 52, marking the fourth consecutive month of growth, indicating the continuous recovery of market demand.
High-tech manufacturing has taken a marked turn for the better. In July, the value added by electronic and information manufacturing enterprises above designated size grew by 11.8 percent, up 5.7 percentage points year on year. Furthermore, the exported value by electronic and information manufacturing enterprises above designated size rose by 10.7 percent, an increase of 7.4 percentage points from a year ago.
Source: People’s Daily Online
more recommended stories
Gross turnover of China’s national carbon market close to 300 mln yuan in first half month
China’s national carbon emission trading market,.
China keeps its promise of making COVID-19 vaccines global public good
China had offered over 700 million.
Technologies facilitate biodiversity protection in China
From DNA sequencing to biodiversity monitoring,.
China’s manufacturing accelerates industrial digitalization
China has seen accelerated digital transformation.
Principal of rural primary school realizes students’ football dream
Over the past 10 years, Ma.
Changes in Chinese countryside in the eyes of auto repair shop owner in Xinjiang
Tumanbay Yoldash, a 41-year-old owner of.
China’s thriving foreign trade drives upgrading in ports
Ports in China are witnessing increasing.
Postgraduate students help vitalize rural areas in SW China’s Guizhou province
Since 2017, Guizhou University in southwest.
Fifty countries confirmed participation in fourth CIIE
Over 50 countries have confirmed their.
China gathers pace in integrating new technologies into transportation sector
In May, Changsha, capital city of.