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No access Chinese mainland CCTV Newscontent www.cctvplus.com +86-10-83949886 +86-10-63978447 contact@cctvplus.com 2026-07-20T21:22:33Z 2026-07-20T21:22:33Z 2026-07-20 2014-11-06T09:22:45Z China Central Television Beijing China Data July 20, 2026/File China-Industrial Sector/H1 Industrial sector contributes over 35 percent to total economic growth in H1: official China's industrial sector provided a critical anchor for the national economy in the first half of 2026, contributing over 35 percent to the total economic growth, an official with the Ministry of Industry and Information Technology (MIIT) said on Monday. Speaking at a press conference in Beijing, Wang Weiming, chief engineer of the MIIT, noted that the overall economic operation has remained generally stable, with policy implementation accelerating to boost consumption and better align supply with demand. "The overall economic performance remains generally stable. Efforts have been accelerated to boost consumption, advance the implementation of major national strategies and the building of security capabilities in major areas, and promote large-scale equipment upgrades and consumer goods trade-ins. The new round of action plans for stabilizing growth in 10 key industries has been thoroughly carried out, with a focus on enhancing the supply of quality products and services and better aligning supply with demand. In the first half of the year, the value-added output of industrial enterprises above the designated size grew by 5.4 percent year on year, with the industrial sector contributing over 35 percent to economic growth," Wang said. He said the corporate profitability has seen a significant rebound. "In the first five months of the year, the total profits of industrial enterprises above the designated size rose 18.8 percent year on year. Industrial exports grew at a relatively fast pace. In the first half of the year, goods export value denominated in yuan increased 13.4 percent year on year. The digital sector continued to expand rapidly. In the first five months, it recorded revenue of 16.7 trillion yuan (about 2.5 trillion U.S. dollars), up 13 percent compared with the same period last year, while total profits increased 19.3 year on year. Overall business expectations remained stable, with the production index within the manufacturing purchasing managers' index (PMI) staying in the expansion range for four consecutive months," said Wang. Chinese/Nats/Part Mute Beijing, China - July 20, 2026 (CCTV - No access Chinese mainland) 1. Various of press conference in progress; reporters 2. SOUNDBITE (Chinese) Wang Weiming, chief engineer, Ministry of Industry and Information Technology: "The overall economic performance remains generally stable. Efforts have been accelerated to boost consumption, advance the implementation of major national strategies and the building of security capabilities in major areas, and promote large-scale equipment upgrades and consumer goods trade-ins. The new round of action plans for stabilizing growth in 10 key industries has been thoroughly carried out, with a focus on enhancing the supply of quality products and services and better aligning supply with demand. In the first half of the year, the value-added output of industrial enterprises above the designated size grew by 5.4 percent year on year, with the industrial sector contributing over 35 percent to economic growth." 3. Reporters 4. SOUNDBITE (Chinese) Wang Weiming, chief engineer, Ministry of Industry and Information Technology: "In the first five months of the year, the total profits of industrial enterprises above the designated size rose 18.8 percent year on year. Industrial exports grew at a relatively fast pace. In the first half of the year, goods export value denominated in yuan increased 13.4 percent year on year. The digital sector continued to expand rapidly. In the first five months, it recorded revenue of 16.7 trillion yuan (about 2.5 trillion U.S. dollars), up 13 percent compared with the same period last year, while total profits increased 19.3 year on year. Overall business expectations remained stable, with the production index within the manufacturing purchasing managers' index (PMI) staying in the expansion range for four consecutive months." FILE: Shaoxing City, Zhejiang Province, east China - April 2026 (CCTV - No access Chinese mainland) 5. Aerial shot of mega factory for Lijian-2 carrier rocket FILE: Chongqing Municipality, southwest China - April 2026 (CCTV - No access Chinese mainland) 6. Aerial shot of interior of motorcycle factory, workers on production line, facilities 7. Various of workers assembling motorcycles FILE: China - Exact Location and Date Unknown (CCTV - No access Chinese mainland) 8. Various of automatic machinery operating in factories FILE: Yangzhou City, Jiangsu Province, east China - March 2026 (CCTV - No access Chinese mainland) 9. Aerial shot of automated production lines, robotic arms, workers working FILE: Chongqing Municipality, southwest China - March 2026 (CGTN - No access Chinese mainland) 10. Robotic arms working 11. Artificial intelligence-boosted quality inspection system in operation