China's Industrial Value-Added Above Designated Size Grew 5.7% Year-on-Year in March

In March, the industrial value-added above designated size grew by a real rate of 5.7% year-on-year (growth rates of value-added are all real growth rates excluding price factors).

From a month-on-month perspective, the industrial value-added above designated size in March increased by 0.28% compared to the previous month. For January-March, the industrial value-added above designated size grew by 6.1% year-on-year.

By three major categories, in March, the value-added of the mining sector grew by 5.7% year-on-year, manufacturing grew by 6.0%, and the power, heat, gas, and water production and supply sector grew by 3.5%.

By economic type, in March, the value-added of state-controlled enterprises grew by 5.9% year-on-year; joint-stock companies grew by 6.2%; foreign-funded and Hong Kong, Macao, and Taiwan-invested enterprises grew by 3.7%; and private enterprises grew by 4.0%.

By industry, in March, among the 41 major industry categories, 30 industries maintained year-on-year growth in value-added. Among them, coal mining and washing grew by 5.3%, petroleum and natural gas extraction grew by 9.4%, agriculture and sideline food processing grew by 8.0%, wine, beverage, and refined tea manufacturing grew by 2.4%, textile industry grew by 1.7%, chemical raw materials and chemical product manufacturing grew by 9.0%, non-metallic mineral products declined by 5.5%, ferrous metal smelting and rolling processing grew by 1.7%, non-ferrous metal smelting and rolling processing remained flat year-on-year, general equipment manufacturing grew by 6.3%, special-purpose equipment manufacturing grew by 6.2%, automotive manufacturing grew by 7.5%, railway, ship, aerospace, and other transportation equipment manufacturing grew by 13.3%, electrical machinery and equipment manufacturing grew by 5.4%, computer, communication, and other electronic equipment manufacturing grew by 12.5%, and power and heat production and supply grew by 4.2%.

By product, in March, among the 626 types of products produced by industries above designated size, 329 types saw year-on-year growth in output. Among them, steel output was 130.98 million tons, down 2.3% year-on-year; cement was 123.10 million tons, down 21.0%; ten kinds of non-ferrous metals were 7.07 million tons, up 2.2%; ethylene was 3.64 million tons, up 6.8%; automobiles were 3.067 million units, down 0.1%, of which new energy vehicles were 1.336 million units, up 1.2%; electricity generation was 802.5 billion kilowatt-hours, up 1.4%; crude oil processing volume was 61.67 million tons, down 2.2%.

In March, the sales rate of products for enterprises above designated size was 93.8%, an increase of 0.7 percentage points year-on-year; export delivery value for enterprises above designated size reached 1.458 trillion yuan, with a nominal year-on-year growth of 8.7%.

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