China's industrial sector continued to see steady optimization and upgrading in April, with new growth drivers rapidly expanding as equipment manufacturing and high-tech industries gathered stronger momentum, according to official data released on Monday.
At a press conference held in Beijing on Monday, Fu Linghui, spokesman for the National Bureau of Statistics (NBS), said that the value-added output of equipment manufacturing enterprises above the designated size rose at a faster pace in April, with the year-on-year growth rate accelerating by 0.1 percentage points from the previous month.
Enterprises above the designated size refer to large enterprises each with an annual main business turnover of at least 20 million yuan (about 2.94 million U.S. dollars).
The sector contributed more than 74 percent to the overall industrial growth of enterprises above the designated size, according to the spokesman.
From an industry perspective, competitiveness in the electronics and automobile sectors continued to improve, Fu said, noting that the two industries have become key strengths within the equipment manufacturing sector.
China's industrial development has continued to move toward the mid-to-high end this year, with high-tech manufacturing showing strong growth.
In April, the value-added output of high-tech manufacturing enterprises above the designated size posted a year-on-year growth rate 1.1 percentage points higher than that of the previous month, significantly outpacing the overall industrial growth rate, the spokesman said.
Meanwhile, the country's industrial digital and intelligent transformation advanced steadily, with the production of digital and smart products registering relatively rapid growth, Fu said.
Green transformation also advanced steadily, with new energy-related industries growing at a faster pace, he said.
"New growth drivers are not only embodied in the development of emerging industries and future industries, but also show strong vitality in the transformation and upgrading of traditional industries. In April, the value-added output of bio-based materials manufacturing rose 19.5 percent year on year, contributing 65.6 percent to the growth of chemical fiber industry. Some traditional industries also showed improving growth momentum through renovation and upgrading," said Fu.
Expanding new growth drivers boost industrial upgrading: official
