In the fourth quarter, positive changes have
taken place in the local industrial economy. The reporter of Shanghai Securities
News found that in October, the year-on-year growth rate of industrial added
value in more than half of China's provinces rebounded from the previous month,
and the growth rate of industrial production in Guangdong, Shaanxi, Hubei,
Tianjin and other places changed from negative to positive. The production of
high-tech manufacturing industry has accelerated significantly, and its
supporting role has continued to strengthen. It has become the main engine
driving industrial economic growth.
The growth rate of industrial production in 16 provinces rebounded
At present, the overall operation of local industrial economy is stable. According to the latest data of the National Bureau of statistics, in the first 10 months of this year, the industrial added value of 31 provinces above Designated Size all increased, of which 17 provinces' industrial added value increased by more than 10% year-on-year.
From the data of a single month, the year-on-year growth rate of industrial added value in more than half of the provinces in October outperformed the national level of 3.5%, and the industrial added value in Beijing, Tibet, Hainan and Qinghai all achieved double-digit growth year-on-year.
Since the second half of the year, affected by the epidemic, flood conditions, tight supply of some energy and raw materials and other factors, local industrial production has slowed down. With the policy of ensuring energy supply and stabilizing prices taking effect, industrial production in many places resumed rapidly in October.
According to the data of the Bureau of statistics, the growth rate of industrial production in 16 provinces in October rebounded from the previous month, and the growth rate of industrial production in Guangdong, Shaanxi, Hubei and Tianjin changed from negative to positive.
Shaanxi, a major energy province, performed prominently. In October, the added value of industries above Designated Size in Shaanxi increased by 5.8% year-on-year, 15.1 percentage points faster than that in September. Among them, the energy industry rebounded rapidly, and the added value of energy industry above Designated Size in Shaanxi increased by 4.6% year-on-year in the same month, 20.6 percentage points faster than that in September.
Luo Huanjie, a senior researcher at Zhixin Investment Research Institute, said in an interview with Shanghai Securities News: "with the recent policy support, the upstream coal supply has eased compared with the previous period, and the North has successively entered the heating season, which has accelerated the production of power and heat supply, and the industrial production in many places has warmed up."
Among the 31 provinces in China, Beijing ranks first in the growth rate of industrial added value. According to the data, from January to October, the added value of industries above Designated Size in Beijing increased by 36.7% year-on-year, including 18.3% year-on-year growth in October. The cumulative year-on-year growth rate and single month growth rate ranked first in the country.
Beijing's industrial production is growing well, and high-end industries have played a leading role. According to the data disclosed by the Beijing Municipal Bureau of statistics, driven by key industries such as medicine and electronics, the added value of high-tech manufacturing and strategic emerging industries above Designated Size in Beijing increased by 1.4 times and 1.1 times year-on-year respectively from January to October.
High tech manufacturing has become the main engine of local industrial growth
According to local data, the high-tech manufacturing industry in October surged, with a growth rate far exceeding the overall level of industry, and became the main driving force driving the growth of local industrial production.
For example, the added value of industries above scale in Fujian's high-tech manufacturing industry increased by 20.1% year-on-year, driving the added value of large-scale industries in the province to increase by 12.9 percentage points, with a growth contribution rate of 64.2%; The added value of Anhui's high-tech manufacturing industry increased by 11.3% year-on-year, 8.3 percentage points higher than that of all industries, and contributed 48.1% to the growth of all industries.
In October, new industrial products in many places doubled. For example, the output of new generation information technology products such as 3D printing equipment and servers in Jiangsu increased by 1.2 times and 1.7 times respectively, the output of new energy vehicles in Anhui increased by 1.6 times, the output of mobile communication base station equipment in Fujian increased by 1.4 times, and the overall output of electronic computers in Henan increased by 36.3 times.
The relevant person in charge of Anhui Bureau of statistics pointed out that the industrial production of the whole province continued to recover in October, especially the equipment manufacturing industry and emerging industries maintained a good development momentum, and the new momentum continued to increase, which was conducive to supporting the high-quality development of industry.
Luo Huanjie analyzed and said that during the "14th five year plan" period, all regions accelerated the transformation and upgrading of manufacturing industry, and provided relatively large support for production and investment in high-tech manufacturing industry, and the relevant financing and financial support continued to maintain a high level. Therefore, the development of high-tech manufacturing industry in various regions continues to improve. With the deepening of the transformation and development of China's economy to high quality, the production and investment of high-tech manufacturing industry will still maintain a rapid growth trend.
Can the recovery trend of industrial production continue in the future? In Luo Huanjie's view, the current tight energy supply has eased, and the traditional peak consumption season and the protection of overseas supply also have a certain support for industrial production, but the downward drag on real estate investment is still emerging, and it remains to be seen whether industrial production can continue to maintain a warming trend. Judging from the high-frequency data in November, it is expected to end the obvious decline in most of the data in the previous two months.
Add：Shunjing Industrial Park, Banfu Town, Zhongshan City, Guangdong Province