Extreme Duty. Global Guard
20
2024
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08
Production supply is steadily recovering, and the equipment manufacturing industry is accelerating towards improvement.
Since November 2023, as policy measures to promote sustained and sound economic recovery have taken effect, industrial production in China has accelerated, with significant growth in the equipment manufacturing industry, especially in high-tech manufacturing.
Since November 2023, as policy measures to promote sustained and improved economic recovery have taken effect, industrial production in China has accelerated, with significant growth in equipment manufacturing, particularly high-tech manufacturing.
In November, China's industrial production accelerated its recovery, continuing its positive trend. The added value of major industrial enterprises above designated size increased by 6.6% year-on-year, 2.0 percentage points faster than the previous month. Among them, the equipment manufacturing industry released strong momentum, with added value increasing by 9.8% year-on-year, a continuous recovery for four months, contributing more than half to the overall growth of major industrial enterprises above designated size.
High-end, intelligent, and green transformation and upgrading are becoming powerful engines for manufacturing growth. In November, the added value of aerospace equipment manufacturing increased by 22.0% year-on-year. 'Smart' industries such as intelligent vehicle-mounted equipment manufacturing and intelligent unmanned aerial vehicle manufacturing all achieved double-digit growth. In China's first 5G smart wind power plant, the traditional fixed-point assembly mode of wind turbine generators has been changed to a flexible assembly line production mode, which can accommodate customized production of nearly ten specifications of products ranging from 3 MW to 15 MW, doubling production efficiency.
While the effects of innovation-driven development continue to emerge, green transformation is also accelerating. In November, the output of "new three-piece sets" such as new energy vehicles, solar cells, and lithium-ion power batteries for automobiles increased rapidly, with year-on-year growth rates of 35.6%, 44.5%, and 38.7%, respectively. The output of wind turbine generator sets increased by 42.9% year-on-year, and the competitiveness of emerging industries continued to strengthen.
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