On a month-on-month basis, in November, the value added of industries above scale increased by 0.87% over the previous month. From January to November, the value added of large-scale industries increased by 4.3% year on year.
Financial News Agency reported on December 15 that the value added of industries above scale in China increased by 6.6% year-on-year in November, compared to 4.6% previously.
The value added of industries above scale increased by 6.6% in November 2023
In November, the value added of industries above scale actually increased by 6.6% year on year (the growth rate of value added is the actual growth rate after deducting price factors). On a month-on-month basis, in November, the value added of industries above scale increased by 0.87% over the previous month. From January to November, the value added of large-scale industries increased by 4.3% year on year.
Looking at the three major categories, in November, the value added of the mining industry increased by 3.9% year on year, the manufacturing industry increased by 6.7%, and the production and supply of electricity, heat, gas and water production and supply increased 9.9%.
By economic type, in November, the value added of state-owned enterprises increased by 7.3% year on year; joint stock enterprises increased by 7.2%; foreign-invested enterprises in Hong Kong, Macao, and Taiwan increased by 4.4%; and private enterprises increased by 5.2%.
By industry, in November, 28 out of 41 major industries maintained year-on-year growth in value added. Among them, the coal mining and washing industry grew 5.2%, the oil and gas extraction industry grew 1.8%, the agricultural and sideline food processing industry fell 0.5%, the alcohol, beverage and refined tea manufacturing industry grew 4.8%, the textile industry grew 2.1%, the chemical raw materials and chemical products manufacturing industry grew 9.6%, the non-metallic mineral products industry fell 0.6%, the ferrous metal smelting and rolling processing industry grew 5.1%, the non-ferrous metal smelting and rolling processing industry grew 10.2%, the general equipment manufacturing industry grew 0.8%, the special equipment manufacturing industry grew 1.9%, and the automobile manufacturing industry grew 20.7%. The railway, shipping, aerospace and other transportation equipment manufacturing industry grew 12.7%, the electrical machinery and equipment manufacturing industry grew 10.2%, the computer, communications and other electronic equipment manufacturing industry grew 10.6%, and the electricity, heat production and supply industry grew 9.2%.
By product, in November, production of 367 products out of 620 products increased year-on-year. Among them, 11.44 million tons of steel, a year-on-year increase of 4.2%; cement, an increase of 1.6%; 6.5 million tons of non-ferrous metals, an increase of 7.1%; 2.69 million tons of ethylene, an increase of 4.8%; 2,953 million vehicles, an increase of 23.6%, including 1,060,000 new energy vehicles, an increase of 35.6%; power generation capacity of 73.1 billion kilowatt-hours, an increase of 8.4%; and crude oil processing volume of 59.53 million tons, an increase of 0.2%.
In November, the product sales rate of industrial enterprises was 97.4%, up 0.5 percentage points from the previous year; industrial enterprises achieved export delivery value of 1258 billion yuan, a nominal decrease of 3.0% over the previous year.