According to data released by the Ministry of Industry and Information Technology on March 25, the added value of industrial enterprises above designated size increased by 3.8% in the first two months of this year, including an increase of 11% in February. The monthly industrial added value increased by 5.2% year-on-year, 0.5 percentage points lower than last December. The analysis believes that the industrial economy has overcome the unfavorable factors such as the sharp decline in external demand, showing a low-level and slow-moving operational situation. Some industries and regions have begun to develop in a good direction, but the overall situation is still grim.
Under the active role of the central government to expand domestic demand, adjust the structure, and maintain a series of policy measures, the light industry production situation is better than that of heavy industry in January-February. In January-February, the added value of light and heavy industries increased by 6.5% and 2.7% respectively, and in February, they increased by 14.4% and 9.6% respectively. Calculated by comparable days, the growth rate of light industry in the first two months was basically the same as that in December last year, and heavy industry continued to fall. In January-February, light industry accounted for 32.3% of the total industrial added value, an increase of 3.1 percentage points over the previous year.
The industrial growth rate in the western region is higher than that in the eastern and central regions. In January-February, the industrial added value of the eastern, central and western regions increased by an average of 2.3%, 4.9% and 9%. The industrial added value of 10 provinces such as Liaoning, Anhui and Inner Mongolia increased by more than 10%, and the industrial added value of 10 provinces accounted for 27.6% of the national industrial added value. In the major industrial provinces (cities), the industrial added value of Liaoning, Jiangsu, Shandong, Henan and Guangdong increased by 10.6%, 8%, 5.8%, 2.1% and 0.8% respectively, and the industrial added value of Zhejiang decreased by 8.2%.
Exports of industrial products continued to fall sharply. In January-February, the export delivery value of industrial enterprises above designated size was 898.6 billion yuan, a year-on-year decrease of 17.1%, and the growth rate dropped by 31.9 percentage points year-on-year. Production and sales connections are at a lower level. The national industrial product sales rate was 97.2%, a decrease of 0.6 percentage points year-on-year. Among them, the production and sales rates of light and heavy industries were 98% and 96.9% respectively.
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