May 14, 2021

China's industrial production increased by 6.2% in 2018

China's industrial production increased by 6.2% in 2018



China's industrial production grew 6.2% year-on-year in 2018, down 0.4 percentage points from the previous year's growth (6.6%), the National Statistics Office (ONE) reported today. .

The Chinese statistical authorities highlighted the production sectors in high-tech industries, which advanced by 11.7%, followed by emerging strategic industries (8.9%) and equipment manufacturing (8.1%).

Likewise, other specific industries experienced great advances, such as the production of train carriages for passengers (183% year-on-year) or vehicles of new energies (40.1%).

The industrial mining production grew by 2.3%, while the manufacturing industry grew by 6.5%.

The highest year-on-year growth was registered in the production and supply of electricity, thermal energy, gas and water, with 9.9%.

The industrial production, reminded the ONE, is used to measure the activity of large companies with an annual turnover of at least 20 million yuan (2.9 million dollars, 2.5 million euros).

The interannual variation for the month of December was also made public today, which stood at 5.7%.

On a monthly basis, industrial production in the last month of 2018 increased by 0.54% with respect to November.

The official statistical agency also compares the data of 41 industrial sub-sectors, of which 37 experienced an increase in their activity in December when compared with the same month of 2017.

The ONE also released today retail sales data for consumer goods, which increased 9% year-on-year in 2018, 1.2 percentage points less than the previous year.

The accumulated of the year records retail sales amounting to 380.99 trillion yuan (56.12 trillion dollars, 49.37 trillion euros).

Among the data offered today is also the investment in fixed assets of China, which grew by 5.9% in 2018.

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