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China's industrial production grows steadily in first three quarters

China

China

China

China's industrial production grows steadily in first three quarters

2024-10-19 21:53 Last Updated At:22:07

China's industrial production registered steady growth in the first three quarters of 2024, accompanied by a faster pace of intelligent and green transformation.

From January to September, the total value added of industrial enterprises above the designated size increased by 5.8 percent year-on-year.

Powered by innovation and green upgrades, industrial performance emerged as a key strength, contributing nearly 40 percent of the GDP in the first three quarters.

In terms of structural adjustments, the value added in equipment manufacturing and high-tech sectors grew by 7.5 percent and 9.1 percent, respectively, significantly surpassing the 5.8 percent growth rate for all designated large industrial enterprises. This shift reflects a transition toward a more efficient, technology-driven industrial model.

"During the first three quarters, the trend of industrial transformation towards 'new' and 'green' has become more obvious, with high-tech manufacturing thriving, intelligent products rapidly growing, the new energy industry continuously expanding, and the acceleration of shifting from old drivers of growth to new ones, becoming a significant force leading high-quality industrial development," said Han Jianfei, deputy director of the Institute of Industrial Economics of CCID Consulting, Ministry of Industry and Information Technology.

In the major equipment sector, the electronics and automotive sectors grew rapidly, with double-digit increases in the production of products such as new energy vehicles, integrated circuits, and 3D printing equipment, serving as important engines driving industrial growth.

In the first three quarters, there was a clear trend of industrial transformation and upgrading. Green products represented by the "three new products" (electric vehicles, lithium batteries and solar cells) gained significant momentum, with production continuing to grow at a double-digit rate.

Industries related to competitive new energy sources like wind power, nuclear power, and photovoltaic power maintained rapid production growth. Meanwhile, the added value of information transmission, software, information technology services, and digital product manufacturing has been growing rapidly, injecting new vitality into the high-quality development of China's industrial economy.

China's industrial production grows steadily in first three quarters

China's industrial production grows steadily in first three quarters

Gazans living in tent camps are facing a lethal threat from extreme cold as they lack access to essential humanitarian aid, adequate clothing to stay warm, while the fragile tents provide little protection against the bitter cold and heavy rain.

A severe storm that hit the war-torn Gaza Strip over the past few weeks has already killed 13 displaced children in tent camps, according to local medics.

"We often receive children suffering hypothermia at the hospital, and unfortunately some of them couldn't survive the coldness. In some instances, children were found deceased upon their arrival at the hospital. This has become an extremely harsh reality for children in the Gaza Strip," said Mohammed Jarbooa, doctor from Al-Rantisi Children's Hospital in Gaza.

The most recent victim was a toddler in the Khan Younis area, where tens of thousands of makeshift displacement tents have been set up since the conflict between Hamas and Israel erupted more than two years ago.

These tragedies highlighted the vulnerability of the temporary shelters to cold weather and the lack of supplies, winter tents, mobile homes and the territory that need to enter the Gaza Strip based on the recent agreement between Israel and Hamas mediated by the U.S., Egypt and Qatar in October.

Many displaced residents in Gaza have voiced their concerns on the worsening situation.

"I'm so worried about my children. As you can see, my son is not adequately dressed. I wish we can at least receive blankets for the children to withstand the cold weather. Our tents still have several leaks and our clothes and blankets have not yet dried from the last rain," said Hanadi Al-Jamal, a displaced Palestinian.

Another displaced mother, Um Fadi al-Ghoul, described similarly harsh conditions.

"During the rain, both we and the children were practically swimming in rainwater during the rain. We have been left helpless with no aid to turn to. When it rains, we could be drowned and we have nothing to stay warm. We only received one blanket in the camp and we are a family of five, how can one blanket be adequate? I also have one child dealing with disability and kidney condition," she said.

The International Committee of the Red Cross has called for the concerned authorities, particularly the Israeli authorities, to allow more aid supplies, tents, mobile homes and displacement materials into Gaza. Meanwhile, Hamas also urged the U.S. to intervene immediately and pressure the Israeli government to allow those aid supplies and uphold commitments to the ceasefire reached between Hamas and Israel.

Despite a peace agreement was reached between Israel and Hamas, the dire humanitarian situation in Gaza is yet to see improvements.

Extreme cold poses lethal threat to displaced Gazans in tent camps

Extreme cold poses lethal threat to displaced Gazans in tent camps

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