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China's industrial production sees steady, robust growth in Jan, Feb: NBS spokesman

China

China's industrial production sees steady, robust growth in Jan, Feb: NBS spokesman
China

China

China's industrial production sees steady, robust growth in Jan, Feb: NBS spokesman

2025-03-17 17:14 Last Updated At:17:47

The rapid expansion of equipment manufacturing and high-tech manufacturing, coupled with the progress of new drivers for industrial development, has facilitated the steady and robust growth of China's overall industrial production, according to a spokesman for the National Bureau of Statistics (NBS).

Speaking at a press conference held in Beijing on Monday, Fu Linghui, the NBS spokesman, provided an overview of the country's industrial development across various sectors from multiple aspects including value added of industry, high-end manufacturing, new energy industry, and enterprise expectations.

Industrial production has continued to expand. Local governments across the country have intensified their efforts to support industrial production and enhance resource supply, thereby creating favorable conditions for sustained industrial growth, as noted by Fu.

"In the first two months [of 2025], the total value added of industrial enterprises above the designated size grew by 5.9 percent year on year, 0.1 percentage points higher than the previous year. The manufacturing sector rose by 6.9 percent, significantly outpacing the growth rate of the whole. Among them, the equipment manufacturing industry expanded by 10.6 percent, representing a 2.9-percentage-point increase over the previous year, providing substantial support for the steady and rapid growth of industrial production," said Fu.

Despite the relatively high growth rate of industrial output during the January-February period of 2024, China has achieved remarkable progress in the first two months of this year, underscoring the resilience of its industrial sector, according to Fu.

"The trend toward the industry' high-end and intelligent development is evident. In the context of accelerating integration of scientific and technological innovation and industrial innovation, cutting-edge technologies such as information technology and artificial intelligence (AI) are driving greater industrial transformation and increasingly serving as a new engine for industrial development. In the first two months, the value added of high-tech manufacturing increased by 9.1 percent year on year, which is 0.2 percentage points higher than last year," he said.

In breakdown, the output of industrial robots and integrated circuit chips rose by 27 percent and 19.6 percent, respectively, during the January-February period.

The large-scale application of domestic AI-based general-purpose large language models in key industrial sectors such as electronics and automobiles has accelerated, empowering industrial innovation and development. The growing demand for computing power has also fueled the rapid growth of related industries.

In the first two months, the value added of the digital product manufacturing industry increased by 9.1 percent year on year, while the output of servers surged by 73 percent, according to the spokesman.

Furthermore, the new energy industry is experiencing robust growth, with increasing utilization of green energy effectively promoting the green and low-carbon transformation of the economy, said Fu.

Additionally, breakthroughs in technologies such as AI, driven by positive and promising macroeconomic policies, have improved enterprise expectations as well.

"From January to February, the output of new energy vehicles and automotive lithium-ion power batteries increased by 47.7 percent and 37.5 percent, respectively, continuing to keep high growth rates. And both wind and solar power generation from industrial enterprises above the designated size have sustained double-digit growth. The purchasing managers' index (PMI) for the manufacturing sector reached 50.2 in February, up 1.1 percentage points from January, while new orders in the manufacturing sector stood at 51.1 percent in February, rising 1.9 percentage points from the previous month," said the spokesman.

China's industrial production sees steady, robust growth in Jan, Feb: NBS spokesman

China's industrial production sees steady, robust growth in Jan, Feb: NBS spokesman

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Beijing's CIFTIS unveils schedule, venue for future editions

2025-05-15 20:25 Last Updated At:20:37

Starting this year, the China International Fair for Trade in Services (CIFTIS) will feature a fixed schedule and venue, with a focus on showcasing cutting-edge technologies such as AI and humanoid robots, as announced during Thursday’s press conference in Beijing.

The 2025 CIFTIS will be held from Sept 10 to 14 at the Shougang Park in Beijing. This year's fair will highlight the latest trends in service trade development and will hold a global service trade summit, exhibitions, forums, business negotiations, achievements releases, among other supporting activities.

"In order to further stabilize the expectations of exhibitors and visitors, starting from this session, the CIFTIS will be held annually on the Wednesday of the second week of September, lasting for five days. The venue will also be permanently fixed at the Shougang Park," said Yin Liang, deputy director of the Beijing International Trade in Services Affairs Center.

Australia, as the guest of honor, will form the largest service trade delegation since the launch of CIFTIS.

Over 30 countries and international organizations, including Norway, Japan, and the World Intellectual Property Organization, have expressed their intention to set up exhibitions and hold events. Among them, Canada will participate for the first time by setting up an online exhibition under its government's name.

"In terms of thematic exhibitions, this year's CIFTIS will continue the nine major themes from previous years while aligning with the development trends of service trade. The focus will be on showcasing solutions in the service trade sector, highlighting technologies and applications such as AI and humanoid robots, and promoting Chinese service products and brands," said Yin.

Beijing's CIFTIS unveils schedule, venue for future editions

Beijing's CIFTIS unveils schedule, venue for future editions

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