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China's industrial and communications sector remains stable in H1
2018/07/24

China's Ministry of Industry and Information Technology said Tuesday that in the first half of 2018, the value above scale added by national industry grew by 6.7 percent year-on-year with a 6.9 percent growth in the manufacturing sector. Industrial capacity utilization rate stood at 76.7 percent, 0.3 percent higher year-on-year.

The numbers were released at a press conference by the State Council Information Office in Beijing.

The ministry said that during the first half of the year, industrial restructuring has continued, with faster improvement in sectors involving consumption and industrial upgrading. The production volume of smart TVs, equipment dedicated to environmental protection and pollution reduction, new energy vehicles, integrated circuits and industrial robots showed good momentum with respective growth of 16.9 percent, 13.3 percent, 88.1 percent, 15 percent and 23.9 percent.

Efforts have been enhanced to empower the country's manufacturing sector. Innovation continued to be a key enabler, with special national high-tech programs such as large aircraft and "Two Engines" being implemented at a faster pace. Seven national manufacturing innovation centers were also approved.

In the Information and Communication Technology (ICT) sectors, all three basic telecom operators cut roaming charges from their domestic data plan effective on July 1. The total volume of telecommunications services increased by 133 percent, and the Internet and its related services registered a revenue growth of over 23 percent.

By the end of June, the total number of mobile subscribers exceeded 1.5 billion with a 10.1 percent year-on-year increase, of which 82.8 percent were mobile broadband users.

Meanwhile, Huang Libin, a spokesman for the Ministry of Industry and Information Technology said that China's manufacturing sector, in general, is still on the mid-to-low end of the industrial and value chains. There are still problems and challenges at deep structural levels that impede stable industrial operation. Mid-to-long term imbalances and insufficiency in development were intertwined with short-term economic difficulties meaning there is not enough solid momentum for continued economic growth.

Source:CGTN

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