China's industrial production slows down

The value added of manufacturing went down by 4.6 per cent and the production and supply of electricity, thermal power, gas and water grew by 1.5 per cent. The value added of high-tech manufacturing grew by 4 per cent YoY.

In April, the manufacturing purchasing managers’ index stood at 47.4 per cent and the production and operation expectation index was 53.3 per cent. In the first three months of this year, the total profits made by industrial enterprises above the designated size stood at 1,955.6 billion yuan, up by 8.5 per cent YoY, according to official statistics.

In the first four months, the total retail sales of consumer goods reached 13,814.2 billion yuan, down by 0.2 per cent YoY. Analysed by different areas, retail sales in urban areas reached 11,992.9 billion yuan, down by 0.3 per cent YoY; retail sales in rural areas reached 1,821.3 billion yuan, up by 0.4 per cent.

Retail sales of goods was 12,488.0 billion yuan, up by 0.4 per cent YoY. The sales for goods for basic living went up rapidly.

Online retail sales totalled 3,869.2 billion yuan, up by 3.3 per cent YoY. Specifically, the online retail sales of physical goods were 3,288.7 billion yuan, up by 5.2 per cent, accounting for 23.8 per cent of the total retail sales of consumer goods.

In April, the total retail sales of consumer goods were worth 2,948.3 billion yuan, down by 11.1 per cent YoY, or down by 0.69 per cent MoM. Of this, the retail sales of goods was 2,687.4 billion yuan, down by 9.7 per cent YoY.

In the first four months, the total value of imports and exports of goods was 12,579.9 billion yuan, up by 7.9 per cent YoY. The value of exports was 6,967.4 billion yuan, up by 10.3 per cent, and the value of imports was 5,612.5 billion yuan, up by 5 per cent.

The imports and exports of general trade accounted for 63.6 per cent of the total value of the imports and exports, 1.9 percentage points higher than the same period of the previous year.

The imports and exports by private enterprises accounted for 48.5 per cent of the total imports and exports, 1.4 percentage points higher than the same period of the previous year.

Fibre2Fashion News Desk (DS)