China's industrial economy maintained stable growth and showed continued structural improvement in the first 11 months of the year, with the value-added of industrial enterprises above a designated size up 6.0 percent year on year, according to data from the National Bureau of Statistics (NBS).
The data, released on Monday, showed key industries are making steady progress, while new growth engines are accelerating, providing a solid foundation for China to meet its annual economic stability targets.
The industrial sector demonstrated strong growth in November, with 30 out of 41 major industrial categories recording year-on-year expansion, according to the data. Among these categories, auto manufacturing, railway, shipbuilding, aerospace and other transport equipment manufacturing sectors all registered a growth of 11.9 percent.
Meanwhile, the computer, communication and other electronic equipment manufacturing industries increased by 9.2 percent, with these key industries injecting momentum into the broader industrial economy.
New growth drivers also showed strong momentum and have become a core engine of industrial expansion. In the first 11 months of the year, the NBS data showed the value-added of high-tech manufacturing increased 9.2 percent year on year.
In terms of specific products, in November alone, output of 3D printing equipment surged 100.5 percent year on year, while industrial robot production rose 20.6 percent. New energy vehicle (NEV) output reached 1.84 million units during the month, up 17 percent year on year, according to the latest NBS figures. The rapid growth of these emerging products has highlighted the strong innovative vitality of the country's industrial sector, with the widespread application of digital technologies also providing momentum to the development of China's "new quality productive forces," which stresses a focus on tech development and innovation.
"In the first 11 months, the intelligent, green and integrated transformation injected new vitality into traditional industries. The growth rates of high-tech manufacturing and equipment manufacturing were both faster than that of overall industry. The internal forces for industrial transformation and upgrading have been continuously strengthened. This has become an important pillar for ensuring that the annual economic and social development targets are successfully achieved," said Han Jianfei, deputy director of the industrial economics institute at the China Center for Information Industry Development.
China is now expected to focus on key tasks in advancing a new type of industrialization, deepening the integration of sci-tech innovation and industrial innovation, improving the resilience of industrial chains in handling risks and becoming more self-reliant, and promoting the optimization and upgrade of industrial structures.
Data shows China's industrial economy remains steady in first 11 months
