China's industrial economy had maintained smooth operation in the first three quarters of this year, with key industries and regions making particularly outstanding contributions, said an official of the Ministry of Industry and Information Technology (MIIT) on Wednesday.
Speaking at a press conference in Beijing, Zhao Zhiguo, chief engineer of the MIIT, said that China's industrial economy showed three major characteristics in the January to September period.
"Industrial production had grown steadily, and we had been actively promoting the implementation of policies. In the first three quarters, the added value of industries above the designated size increased by 5.8 percent year on year, with the total industrial added value accounting for 31.8 percent of the GDP," Zhao said.
"Key industries and regions had made outstanding contributions. We had thoroughly implemented the work plan for stabilizing growth in ten key industries, and given full play to the key supporting role of major industrial provinces and cities. The four industries of electronics, nonferrous metals, chemicals, and automobiles contributed nearly half of the growth in industrial production, and the growth rate in nine major industrial provinces exceeded the national average," he said.
"The momentum of development continued to accumulate. We actively promoted equipment renewal and technological transformation in the industrial field, and pushed forward the transformation of sci-tech achievements into productivity. Investment in equipment and tools increased by 16.4 percent year on year. The output of products with high technological content and high added value, such as artificial intelligence chips and servers, had grown rapidly," Zhao said.
Key industries, regions make outstanding contributions to China's industrial growth in first three quarters: official
