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According to the latest statistics of the National Bureau of Statistics, China’s industrial added value increased by 6.4 percent from the same period in July to July, and 1.2 percentage points lower than that in June. From the chain to see, in July, above-scale industrial added value increased 0.41% over the previous month.

Production situation

Statistics show that from January to July China’s plastic products production was 45.3 million tons, an increase of 3.7%; July month production was 6.895 million tons, an increase of 2.0%.

1 to 7 months of primary form of plastic production was 49.95 million tons, an increase of 4.2%; July month output of 7.14 million tons, an increase of 2.6%.

1 to 7 months of synthetic rubber production of 3.333 million tons, an increase of 5.6%; July month output of 508,000 tons, down 0.4% year on year.

Expert interpretation

According to Jiang Yuan, senior economist at the National Bureau of Statistics, Jiang said that from January to July, China’s industrial added value above real growth of 6.8% year on year growth rate of 0.1 percentage points lower than the first half, but 0.8 percentage points higher than the same period last year. Among them, industrial growth in July 6.4%, the overall trend to maintain a smooth operation.

The main features of industrial production in July:

First, two-thirds of the product production to achieve year-on-year growth. In July, 398 of the 596 products were up to 66.8% year-on-year. Among them, industrial robots, construction machinery, urban rail vehicles, new energy vehicles, engines, solar cells, optoelectronic devices, optical fiber, power plant boilers, room air conditioners, micro-computer equipment and other products to maintain rapid growth.

Second, the industry growth to maintain stability. In July, 37 of the 41 major categories increased by 13%, mainly in the power industry and high-tech industries, equipment manufacturing, consumer goods manufacturing sector.

Third, high-tech industries and equipment manufacturing industry continued to maintain double-digit growth. In July, the high-tech industry and equipment manufacturing industry increased by 12.1% and 10.7% respectively, respectively, and the growth rate was higher than the industrial growth rate of 5.7 and 4.3 percentage points respectively. Among them, electronic and communications equipment, instrumentation, general equipment, automotive, electrical machinery, medicine, aerospace and equipment manufacturing industry to maintain rapid growth.

China’s industrial production growth in July fluctuated, by the extreme high temperature weather, some companies put high temperature fake, shutdown maintenance and other short-term non-economic factors.

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