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China unveils action plan to boost electronic information manufacturing growth

China

China

China

China unveils action plan to boost electronic information manufacturing growth

2025-09-05 20:14 Last Updated At:23:57

Two central government departments rolled out an action plan on Thursday to stabilize the growth in the electronic information manufacturing industry from 2025 to 2026.

From 2025 to 2026, the average growth rate of added value in the computer, communication, and other electronic equipment manufacturing industries is expected to be around 7 percent, according to the action plan released by the Ministry of Industry and Information Technology and the State Administration for Market Regulation.

When including related sectors such as lithium batteries, photovoltaics, and component manufacturing, the average annual revenue growth rate of the electronic information manufacturing industry is expected to exceed 5 percent, it says.

The plan proposes promoting higher-level intelligent innovation in artificial intelligence (AI) terminals, driving greater integration between intelligent entities and terminal products, establishing methods and standards for the intelligent classification of AI terminals, and encouraging local initiatives to promote innovative applications of AI terminals.

It also includes research and development of high-performance lightweight extended reality (XR) and other new terminal devices, advancing key components, chips, modules and technologies for 5G/6G while strengthening the reserve of 6G technological achievements.

China unveils action plan to boost electronic information manufacturing growth

China unveils action plan to boost electronic information manufacturing growth

China's outstanding aggregate social financing -- the total amount of financing to the real economy -- reached 442.12 trillion yuan (about 63.4 trillion U.S. dollars) as of the end of 2025, up 8.3 percent year on year, central bank data showed on Thursday.

The country's aggregate social financing stood at 35.6 trillion yuan (about 5.1 trillion U.S. dollars) in 2025, up by 3.34 trillion yuan (about 479 billion U.S. dollars) from the year 2024, said the People's Bank of China (PBOC), the country's central bank.

According to the data, the M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 8.5 percent year on year to 340.29 trillion yuan (about 48.8 trillion U.S. dollars) as of the end of December.

In addition, outstanding yuan loans stood at 271.91 trillion yuan (about 39 trillion U.S. dollars) at the end of 2025, up 6.4 percent year on year.

China's aggregate social financing maintains high growth in 2025

China's aggregate social financing maintains high growth in 2025

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