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
Proposed Media Enhancement Bill ‘ll streamline journalism profession – NUJ President
The National President of Nigeria Union.
Forgery Allegations: NRM suspends Chairman, Organising Scribe
The National Executive Committee of the.
Just-ended online shopping festival releases signal of consumption recovery in China
This year’s “618” online shopping festival,.
China tops the world in number of Wetland City Accreditation
Lately, the second batch of 25.
Resident planners speed up beautiful countryside construction in E China
“It’s a routine for me to.
New professions expected to continuously improve people’s lives in China
New professions have sprouted up and.
China ramps up efforts in intellectual property protection for better innovation
As the global center of innovation.
China achieves win-win situation for economic growth and environmental governance: Cameroonian student in China
Joseph Olivier Mendo’o, a Cameroonian student.
New generation farmers active in China’s construction of digital villages
As the construction of digital villages.
The Belt and Road Initiative in a Global Perspective
In 2017, Chinese President Xi Jinping.