China's industrial production stabilized in July, improving quality of development - Chinese report

China's industrial production remained stable overall in July, with output growth in many sectors and products. The equipment manufacturing industry saw remarkable growth, steadily promoting the high-quality development of the industrial economy.
By industry, the added value of 35 of the 41 industries covered by the statistics increased from the same month last year. Of these, industrial enterprises with annual main operating revenues of 20 million or more (approximately 410 million
The contribution of industries such as electronics, electrical machinery and automobiles to the growth of the Japanese economy (companies with annual turnover of over 100 million yen) was 36.4%. The equipment manufacturing industry continues to play the role of "ballast" for industrial production.
Supported by the high level of development of large ships, large aircraft, and high-speed railways, the added value of the railway, shipping, and aerospace industries increased by 13.7% in July compared to the same month last year.
The industries that showed the highest growth rates were the ship and related equipment manufacturing industries, whose added value increased by 29.7% year-on-year. The "new quality productivity" also maintained its development trend.
Volume growth is accelerating, with analog chips increasing by 29.8%, 3D printer equipment by 24.2%, and industrial control computer systems by 21.4%.
Development is brisk, with production of reducers, industrial robots, and service robots increasing by 48%, 24%, and 12.8%, respectively.