China's equipment manufacturing added value up 10.9% year-on-year in first quarter: Chinese report

In the first quarter of this year (January-March), the added value of China's equipment manufacturing industry increased 10.9% compared to the same period last year, helping to boost overall industrial production by 3.5 percentage points.
The production volume of nearly 70% of the key products in the equipment industry increased, with the production growth rate reaching 69.2%, including electronics, automobiles, electrical machinery and equipment.
The added value of all industries increased by more than 10%. The high-end nature of the manufacturing industry has been steadily promoted. The added value of the high-tech manufacturing industry in the first quarter increased by 9.7% year-on-year. Of this, the optical fiber
In the future, China will propose new stable growth plans for the machinery, automobile, and power equipment industries to expand demand.
We will also promote the stable growth and high-quality development of the equipment manufacturing industry.