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
Restructuring ‘ll transform, develop Nigeria – Jerry Gana
Restructuring has become an expedient,.
China-Europe Railway Express brings more foreign products to inland China
Freight trains along the China-Europe route.
Year of Ox Spring Festival signals persisting recovery
Robust consumption during the Year of.
43 million doses of China’s Sinopharm COVID-19 vaccine administrated worldwide, nation’s production capacity to reach 4 billion next year
Forty-three million shots of the COVID-19.
Chinese COVID-19 vaccines contribute to global fight against pandemic
China’s Sinopharm COVID-19 vaccines arrived at.
Per capita income of Chinese residents continues to grow
From 2011 to 2020, the per.
Bikeway in air benefits commuters in east China’s Xiamen
A 7.6-kilometer-long elevated bicycle path in.
Rising container throughput indicates vitality of China’s foreign trade
Stacks of containers piled up on.
China is ready to host a successful Winter Olympics, says former IOC official
My message primarily is that the.
Latest measurement of height of Mount Qomolangma good test of China’s scientific and technological strength
On Dec. 8, 2020, China and.