36.3 % The industrial sector contributed to the growth of Chinese macro economy during the first quarter
BEIJING, on April 18/ WAM/ Chinese Ministry of Industry and Information Technology announced that the industrial sector has contributed 36.3% to the country’s macroeconomic growth during the first quarter of this year.
The Central China Channel, quoting the ministry, stated that the added value of industrial facilities above the specified size achieved a growth of 6.5% on an annual basis during the first quarter, with the equipment manufacturing sector registered positively.
She pointed out that the sectors of electronics, cars, machinery and electrical equipment had a prominent role in advancing industrial growth during this period.
The Ministry explained that the private investment in the industrial field has maintained double growth, with the improvement of companies and their financial performance, in addition to a continuous increase in the number of industrial establishments above the specified volume.
The China Central Channel confirmed that the Procurement Manager Index for the industrial sector remained in the expansion zone for two consecutive months, which reflects the continued positive momentum of the industrial sector in the Chinese economy.
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