China-Q1 Industrial Operation

China's industrial operation sees stable performance in Q1: official

  • English

Shotlist


Beijing, China - April 25, 2018 (CCTV - No access Chinese mainland)
1. Press conference underway
2. Reporters at press conference
3. SOUNDBITE (Chinese) Huang Libin, deputy director, Operational Monitoring and Coordination Bureau of Ministry of Industry and Information Technology (starting with shot 2):
"Statistics shows that the industrial production operation is generally steady. The above-scale industrial (enterprises with an annual prime operating revenue of or above 20 million yuan) added value in the first quarter increased by 6.8 percent, equal to the figure in the same period last year and 0.8 percentage points higher than the target we set at the beginning of this year. In the first two months, the income growth stood at 16.1 percent and the profitability rate increased by 0.33 percentage points compared with the same period of the previous year. We have accomplished the simultaneous increase in growth and benefits."

FILE: China - Exact Location and Date Unknown (CCTV - No access Chinese mainland)
4. Various of machines in operation

Beijing, China - April 25, 2018 (CCTV - No access Chinese mainland)
5. SOUNDBITE (Chinese) Huang Libin, deputy director, Operational Monitoring and Coordination Bureau of Ministry of Industry and Information Technology:
"We have maintained a momentum of steady progress. The purchase management index has stood above the PMI benchmark line for 20 consecutive months. The good news is that the PMI in large-, medium- and small-sized enterprises are in an expanding range. In March, the PMI of small-sized enterprises picked up by 5.3 percentage points than in February."

FILE: China - Exact Location and Date Unknown (CCTV - No access Chinese mainland)
6. Various of machines in operation
7. Various of workers at production line

Storyline


China's industrial operation registered a stable performance and new growth drivers developed well in the first quarter of 2018, said an official from the Ministry of Industry and Information Technology (MIIT) on Wednesday.

Huang Libin, deputy director of Operational Monitoring and Coordination Bureau under the ministry, made the remarks at a press conference.

"Statistics shows that the industrial production operation is generally steady. The above-scale industrial (enterprises with an annual prime operating revenue of or above 20 million yuan) added value in the first quarter increased by 6.8 percent, equal to the figure in the same period last year and 0.8 percentage points higher than the target we set at the beginning of this year. In the first two months, the income growth stood at 16.1 percent and the profitability rate increased by 0.33 percentage points compared with the same period of the previous year. We have accomplished the simultaneous increase in growth and benefits," said Huang.

Huang said China has addressed overcapacity through market-oriented measures and legal means. This year, the mission of cutting steel production capacity by around 30 million metric tons has been assigned. The rate of multipurpose utilization rate of the steel industry has resumed to an appropriate range of 80 percent.

Huang said new drivers have been cultivated and developed faster. The increase in added values of strategic emerging industries increased by 9.6 percent, 2.8 percentage points higher than the country's whole industrial growth in the first three months. The output growth of new energy vehicles, integrated circuits and industrial robots which are in line of industrial transformation were 139.4 percent, 15.2 percent and 29.6 percent, respectively. The investment in high-tech manufacturing increased by 7.9 percent, with the growth in urban rail transit, industrial robots, communications equipment and other medium- and high-end manufacturing exceeding 70 percent.

"We have maintained a momentum of steady progress. The purchase management index has stood above the PMI benchmark line for 20 consecutive months. The good news is that the PMI in large-, medium- and small-sized enterprises are in an expanding range. In March, the PMI of small-sized enterprises picked up by 5.3 percentage points than in February," said Huang.

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  • ID : 8079186
  • Dateline : April 25, 2018/File
  • Location : China
  • Category : economy, business and finance
  • Duration : 1'42
  • Audio Language : Chinese/Nats
  • Source : China Central Television (CCTV)
  • Restrictions : No access Chinese mainland
  • Published : 2018-04-25 16:18
  • Last Modified : 2018-04-26 10:18:00
  • Version : 3

China-Q1 Industrial Operation

China's industrial operation sees stable performance in Q1: official

Dateline : April 25, 2018/File

Location : China

Duration : 1'42

  • English


Beijing, China - April 25, 2018 (CCTV - No access Chinese mainland)
1. Press conference underway
2. Reporters at press conference
3. SOUNDBITE (Chinese) Huang Libin, deputy director, Operational Monitoring and Coordination Bureau of Ministry of Industry and Information Technology (starting with shot 2):
"Statistics shows that the industrial production operation is generally steady. The above-scale industrial (enterprises with an annual prime operating revenue of or above 20 million yuan) added value in the first quarter increased by 6.8 percent, equal to the figure in the same period last year and 0.8 percentage points higher than the target we set at the beginning of this year. In the first two months, the income growth stood at 16.1 percent and the profitability rate increased by 0.33 percentage points compared with the same period of the previous year. We have accomplished the simultaneous increase in growth and benefits."

FILE: China - Exact Location and Date Unknown (CCTV - No access Chinese mainland)
4. Various of machines in operation

Beijing, China - April 25, 2018 (CCTV - No access Chinese mainland)
5. SOUNDBITE (Chinese) Huang Libin, deputy director, Operational Monitoring and Coordination Bureau of Ministry of Industry and Information Technology:
"We have maintained a momentum of steady progress. The purchase management index has stood above the PMI benchmark line for 20 consecutive months. The good news is that the PMI in large-, medium- and small-sized enterprises are in an expanding range. In March, the PMI of small-sized enterprises picked up by 5.3 percentage points than in February."

FILE: China - Exact Location and Date Unknown (CCTV - No access Chinese mainland)
6. Various of machines in operation
7. Various of workers at production line


China's industrial operation registered a stable performance and new growth drivers developed well in the first quarter of 2018, said an official from the Ministry of Industry and Information Technology (MIIT) on Wednesday.

Huang Libin, deputy director of Operational Monitoring and Coordination Bureau under the ministry, made the remarks at a press conference.

"Statistics shows that the industrial production operation is generally steady. The above-scale industrial (enterprises with an annual prime operating revenue of or above 20 million yuan) added value in the first quarter increased by 6.8 percent, equal to the figure in the same period last year and 0.8 percentage points higher than the target we set at the beginning of this year. In the first two months, the income growth stood at 16.1 percent and the profitability rate increased by 0.33 percentage points compared with the same period of the previous year. We have accomplished the simultaneous increase in growth and benefits," said Huang.

Huang said China has addressed overcapacity through market-oriented measures and legal means. This year, the mission of cutting steel production capacity by around 30 million metric tons has been assigned. The rate of multipurpose utilization rate of the steel industry has resumed to an appropriate range of 80 percent.

Huang said new drivers have been cultivated and developed faster. The increase in added values of strategic emerging industries increased by 9.6 percent, 2.8 percentage points higher than the country's whole industrial growth in the first three months. The output growth of new energy vehicles, integrated circuits and industrial robots which are in line of industrial transformation were 139.4 percent, 15.2 percent and 29.6 percent, respectively. The investment in high-tech manufacturing increased by 7.9 percent, with the growth in urban rail transit, industrial robots, communications equipment and other medium- and high-end manufacturing exceeding 70 percent.

"We have maintained a momentum of steady progress. The purchase management index has stood above the PMI benchmark line for 20 consecutive months. The good news is that the PMI in large-, medium- and small-sized enterprises are in an expanding range. In March, the PMI of small-sized enterprises picked up by 5.3 percentage points than in February," said Huang.

ID : 8079186

Published : 2018-04-25 16:18

Last Modified : 2018-04-26 10:18:00

Source : China Central Television (CCTV)

Restrictions : No access Chinese mainland

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