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China industry statistics
China industry information
China industry statistics by April 2009 shows positive signs
Impacted by the international financial meltdown, since the second half, especially the fourth quarter of 2008, the Chinese industrial economy is facing an increasingly larger pressure of inclination.
To avoid too quick economic downturn, the central government rapidly launched the package plan of domestic demand stimulation, and also made revitalization plans for 10 crucial industries as iron and steel and automotive.
China industry statistics for the first four months showed that these series of policies and measures had achieved initial success, and the industrial economy demonstrated an active change of stopping dropping and going upward. In brief, the light manufacturing industry operates basically stable, and the heavy manufacturing industry changes from dropping to rising.
According to China industry information statistics, from January to April, the added value of the light and heavy manufacturing industries increased respectively by 7 percent and 4.9 percent. The growth rate of the light and heavy manufacturing industries experienced the continuous slowdown since the second half of 2008, and dropped to the lowest points of 6.5 percent and 2.7 percent respectively in the first two months of 2009, and then rose to different extent. In March and April, the growth rate of the light manufacturing industry recovered to 8.5 percent and 8.2 percent, and that of the heavy manufacturing industry recovered to 8.3 percent and 6.9 percent.
For further explaining to above China industry information, the light manufacturing industry, driven by the rigid consumer demand, declined slightly and its production situation were comparatively stable; in the heavy manufacturing industry, over the adjustment in the past half year, the raw materials bought at high prices in the former period were basically consumed, the product inventory recovered basically to the normal level, plus the decrease of the purchasing prices of raw material, fuel, and power, the performance was improved.
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