Sec­tor’s out­put in­creases by 6.9 per­cent in the first half of 2017

China Daily (Hong Kong) - - BUSINESS - By FAN FEIFEI fan­feifei@chi­nadaily.com.cn

China’s in­dus­trial econ­omy has main­tained a mo­men­tum of steady and sound growth in the first half of the year as in­dus­trial out­put in­creased 6.9 per­cent on a year-on-year ba­sis, the best performance in the past three years.

The growth rate is 0.9 per­cent­age points higher than that in the same pe­riod last year, and the performance of en­ter­prises con­tin­ued to im­prove, with the main busi­ness in­come and prof­its grow­ing by 13.5 per­cent and 22.7 per­cent in the first five months, said the Min­istry of In­dus­try and In­for­ma­tion Tech­nol­ogy on Tues­day.

“We es­ti­mate the in­dus­trial econ­omy will main­tain steady growth in the sec­ond half as the fa­vor­able fac­tors have ac­cu­mu­lated, es­pe­cially those fa­cil­i­tated by the sup­ply-side struc­tural re­form,” said Zheng Lixin, spokesman for the min­istry.

Zheng said the min­istry will in­crease its ef­forts to pro­mote pri­vate in­vest­ment and tech­ni­cal upgrading in in­dus­trial sec­tors, as well as push for­ward the es­tab­lish­ment of a na­tional man­u­fac­tur­ing in­no­va­tion cen­ter and smart man­u­fac­tur­ing demon­stra­tion ar­eas.

“We will boost the devel­op­ment of en­trepreneur­ship and in­no­va­tion plat­forms for man­u­fac­tur­ing, and pay at­ten­tion to the new and emerg­ing sec­tors, such as big data, ar­ti­fi­cial in­tel­li­gence and in­dus­trial in­ter­net.”

The out­put of the man­u­fac­tur­ing sec­tor in­creased 7.4 per- cent in the first half, 0.5 per­cent­age points faster than the same pe­riod last year, min­istry data showed. And the out­put and the in­vest­ment of the high-end man­u­fac­tur­ing sec­tor in­creased by 13.1 per­cent and 21.5 per­cent re­spec­tively in the first six months.

“We have been pro­mot­ing the key projects re­lated to the Made in China 2025 strat­egy. the C919, the first home­grown large pas­sen­ger air­craft made its suc­cess­ful flight, and the first do­mes­tic air­craft car­ri­ers was suc­cess­fully launched,” said Zhang Feng, gen­eral engi­neer of the min­istry.

Zhang said the elec­tronic and equip­ment man­u­fac­tur-

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