Expanding domestic demand and promoting growth policy, see results, industrial growth rate rebounded slightly in December

According to the website of the Ministry of Industry and Information Technology, the implementation of the central government's policy of expanding domestic demand and promoting economic growth was first seen. The growth rate of industrial production rebounded slightly in December. In the same month, the added value of industrial enterprises above designated size increased by 5.7% year-on-year, 0.3 percentage points higher than the previous month and down 11.7 percentage points year-on-year. From January to December, the growth rate of industrial production in the country was “high before and low”, and the added value of industrial enterprises above designated size increased by 12.9%, down 5.6 percentage points year-on-year. Main features of industrial production operations:
The growth rate of heavy industry has accelerated and the light industry has slowed further. In the same month, light industry grew by 8.1%, down 2 percentage points from the previous month; heavy industry grew by 4.7%, accelerating by 1.3 percentage points. The sales rate of products was 98.7%, of which the production and sales ratios of light and heavy industries were 97.6% and 99.2% respectively. From January to December, light and heavy industries increased by 12.3% and 13.2% respectively, down 4 and 6.4 percentage points year-on-year.
The growth rate of the raw material industry rebounded. In the same month, the growth rate of the metallurgical, non-ferrous and petrochemical industries accelerated to a different extent than last month. Among them, the added value of the metallurgical industry changed from 4.8% in the previous month to 0.8%, up 5.6 percentage points from the previous month; the added value of the non-ferrous and petrochemical industries increased by 9.5% and 4.4% respectively, 7.2 and 3.5 percentage points higher than the previous month. . From January to December, the added value of metallurgical, non-ferrous and petrochemical industries increased by 10.5%, 12.7% and 7.5% respectively, down 12.3, 6 and 4.7 percentage points year-on-year.
In the month, the output of crude steel was negative for four consecutive months. The output of this month decreased by 10.5% year-on-year, which was 1.9 percentage points lower than that of the previous month. The steel output decreased by 1.7%, which was 9.3 percentage points lower than that of the previous month. Cement production increased by 3.5%, 0.7 percentage points faster than last month; flat glass production decreased from 3% in the previous month to 15.4%. Ten non-ferrous metals production fell by 2.3%, of which electrolytic aluminum production fell by 4.3%, and the decline was narrowed.
In addition to the light industry, the growth rate of other industries in the consumer goods industry has declined to varying degrees, and the tobacco industry has experienced a large decline. In the same month, the added value of the light industry increased by 10.1%, 1.1 percentage points faster than the previous month. The added value of the textile, tobacco and pharmaceutical industries increased by 5.6%, 1.4% and 12.9% respectively, slowing by 1.1, 28.6 and 4 percentage points from the previous month. From January to December, the growth value of light industry, textile, tobacco and pharmaceutical industries increased by 14.3%, 10.3%, 12.6% and 17.4% respectively, down 4.5, 6.2, 3.1 and 0.9 percentage points year-on-year.
The decline in the added value of the machinery industry has slowed down, and the production of the electronics industry continues to decline. In the same month, the added value of the machinery industry increased by 7%, down 2 percentage points from the previous month. Automobile production fell by 18.9%, a decrease of 3 percentage points over the previous month. Among them, car production fell by 12%, a decrease of 1.9 percentage points from the previous month. The added value of the electronics industry decreased by 2.4% year-on-year, and the decline was 2.2 percentage points higher than that of the previous month. From January to December, the added value of the machinery and electronics industries increased by 17.1% and 12% respectively, down 7 and 6 percentage points year-on-year. The output of automobiles was 9.62 million, an increase of 6.5%, down 16.4 percentage points year-on-year; the output of passenger cars was 5.33 million, an increase of 7.8%, down 17.2 percentage points year-on-year.
The growth rate of industrial product exports continued to decline. In the same month, the export value of industrial products fell by 8.8%, a decrease of 3.6 percentage points over the previous month. Export delivery values ​​for the light industry, textile, machinery and electronics industries decreased by 2.1%, 7%, 5.3% and 10.2% respectively. From January to December, the export value of industrial products increased by 10.8%, down 10.7 percentage points year-on-year.
The industrial growth rate in the eastern and western regions has rebounded. In the same month, the industrial added value of the eastern and western regions increased by an average of 4.6% and 11.6%, respectively, by 0.2 and 3.4 percentage points respectively over the previous month. The industrial added value of the central region increased by 5% on average, a decrease of 1.6 percentage points. In the major industrial provinces (municipalities), the industrial growth rate of Guangdong and Zhejiang accelerated by 1.7 and 0.2 percentage points respectively compared with the previous month, and Shandong slowed by 0.2 percentage points. Jiangsu was unchanged from last month. The industrial added value of Shanxi, Shanghai, Beijing and Hainan decreased by 19.2%, 11.8%, 6.9% and 0.4% respectively. From January to December, the industrial added value of the eastern, central and western regions increased by an average of 11.6%, 15.8% and 15%.
Coal production fell, and the decline in power generation slowed down. In the same month, the country's raw coal production decreased from 5.2% in the previous month to 1.3%. At the end of the month, the direct power supply plant saved 43.32 million tons of coal, with an average of 23 days. Power generation fell by 7.9%, a decrease of 1.7 percentage points from the previous month. From January to December, the country's raw coal output increased by 12.8%, an increase of 3.4 percentage points year-on-year. Power generation increased by 5.5%, down 9.4 percentage points year-on-year.

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