China's electronic industry maintains sustained growth: report

China's electronic industry has experienced rapid growth in recent years, along with a notable increase in the resilience of its supply chain, according to a report released by the China Federation of Logistics and Purchasing on Thursday.

The development report of China's electronic industry supply chain was released at the Third Electronic Industry Supply Chain Ecosystem Conference, which is held from Wednesday to Friday in Shenzhen City.

According to the report, China's electronic industry continues to thrive, fueled by rapid market growth and national stimulus policies.

In 2024, the market size of the electronic information manufacturing sector was around 21.59 trillion yuan (about 3.01 trillion U.S. dollars), with a year-on-year growth of 6.1 percent.

The swift advancement of information technology and digitalization is driving strong demand for consumer electronics and automotive electronics.

Additionally, as artificial intelligence applications rolled out more quickly, the adoption of AI smartphones and AI computers increased significantly, providing new growth momentum for the sector.

In 2024, there were around 42,000 companies in China's electronic information manufacturing sector, representing a growth of about 9 percent from the previous year. Most of these businesses are located in the Yangtze River Delta and Pearl River Delta regions, which together make up more than 60 percent of the total.

In the first half of this year, China's electronic industry maintained steady growth. The revenue from the electronic information manufacturing sector above the designated size reached 8.04 trillion yuan (about 1.12 trillion U.S. dollars), marking a year-on-year increase of 9.4 percent.

"In the journey of driving high-quality national economic development through innovation, the electronic industry is becoming increasingly vital. To enhance its efficiency and resilience, the industry should foster better collaboration between upstream and downstream partners, ultimately supporting the high-quality development of our nation," said Hu Dajian, vice president of China Federation of Logistics and Purchasing.

China's electronic industry maintains sustained growth: report

China's consumer goods industry got off to a good start in 2026, with main indicators registering steady growth in the first two months, according to the data from the Ministry of Industry and Information Technology.

The value added of enterprises above the designated size -- whose annual main business income reaches 20 million yuan (about 2.93 million U.S. dollars) or more -- in this sector increased by 4.8 percent year on year in January and February, accounting for 29.2 percent of the total value added, 3.1 percentage points higher than that of last year. Among the 14 major industry categories, 10 achieved positive growth.

In the two months, these enterprises achieved a business revenue of approximately 5.1 trillion yuan, up 4.4 percent year on year, while the total retail sales of consumer goods exceeded 8.6 trillion yuan, a year-on-year increase of 2.8 percent.

"The first two months were in the traditional peak consumption season, driving the growth of orders and helping to unleash production capacity in the consumer goods industry. Some emerging consumption patterns, such as experience consumption and trendy toy consumption, grew rapidly, and the supply market showed a diversified growth trend," said Dai Xiaoxia, deputy director of the Institute of Consumer Goods Industry Research of China Center for Information Industry Development.

In terms of foreign trade, exporters above the designated size delivered consumer goods worth around 592.54 billion yuan, up 2.2 percent year on year, with the pharmaceutical manufacturing industry, the papermaking and paper products industry registering relatively rapid growth.

China will increase the supply of high-quality products in the consumer goods industry, steadily promoting the intelligent, green and integrated development of the sector.

China's consumer goods industry posts steady growth in first 2 months