High-tech manufacturing in China surges 22.6% y-o-y in H1 2021, sending 2-year average growth to 13.2%
Published: Jul 15, 2021 12:10 PM


China's high-tech manufacturing added value surged by 22.6 percent year-on-year in the first half of this year, sending the two-year average growth to more than 13 percent and making great contributions to the country's steady economic rebound in the first six months of 2021, data provided by the National Bureau of Statistics showed on Thursday. 

On a two-year average basis, China's above-scale high-tech manufacturing industrial added value grew by 13.2 percent, up 0.9 percentage points compared with the first quarter. 

This showed that China's high-end manufacturing sector is developing at a faster speed compared with other manufacturing sectors, making it a shining spot in China's flourishing but also pressure-weighed economy. 

In general, the two-year average growth for China's manufacturing sector is 7.5 percent, according to the NBS. Manufacturing investment also rose by 19.2 percent on a yearly basis in the first half of this year.

In terms of particular fields, the production of high-tech products like new-energy vehicles and integrated circuits all had relatively fast growth during the same period. For example, the output of industrial robots surged by 69.8 percent on a yearly basis, while production of new-energy vehicles surged by 205 percent, the data showed.

Liu Aihua, spokesperson of the National Bureau of Statistics, stressed on Thursday morning that China's "innovation momentum" is strengthening, citing the high-tech manufacturing sector's growth as proof.  

Liu also mentioned that the industrial added values of new industries, formats and commercial models had risen by 17.08 percent in 2020, up 0.7 percentage point compared with the previous year. The trend is continuing this year and has played an important role in supporting China's economic recovery, she said. 

Global Times