China's light industry ran smoothly in the first eight months of 2024, with the value added increasing 4.9 percent over the same period of last year, according to the latest data from the China National Light Industry Council.
Among the 91 major light industrial products counted by the National Bureau of Statistics, the output of 59 products increased from January to August, among which the output of 17 products including bicycles and lithium batteries maintained double-digit growth.
Driven by policies including large-scale upgrading of equipment and trade-in program for consumer goods, China's light industry has not only seen steady growth in production, but also continued to improve its profitability. In the first eight months, the operating income of light industrial enterprises above the designated size in China increased by 1.6 percent and the profits increased by 12.4 percent.
At the same time, exports remained stable with growth. In the eight-month period, the total exports volume of the entire light industry exceeded 600 billion U.S. dollars, a year-on-year increase of 3.5 percent. Among them, the growth rate of exports of household appliances and light industrial machinery exceeded 10 percent, further expanding the scale of the domestic and foreign trade markets.
China's light industry runs smoothly in first eight months
