Industrial Production Operation in November 2020

In November, the added value of industries above designated size increased by 7.0 percent year-on-year (the growth rates of the following added value are all the actual growth rates after deducting price factors), and the growth rate was 0.1 percentage point faster than that in October. In November, the added value of industries above designated size increased by 1.03 percent over the previous month. From January to November, the added value of industries above designated size increased by 2.3 percent year on year.

In November, the added value of mining industry increased by 2.0 percent year-on-year, 1.5 percentage points slower than that in October; the manufacturing industry increased by 7.7 percent, 0.2 percentage point faster; and the power, heat, gas and water production and supply industry increased by 5.4 percent, 1.4 percentage points faster.

In terms of economic types, in November, the added value of state-owned holding enterprises, joint-stock enterprises; foreign-invested enterprises and enterprises invested by Hong Kong, Macao and Taiwan increased by 5.9, 6.8, 8.3 and 6.8 percent respectively.

In terms of industries, in November, 34 out of 41 major industries maintained year-on-year growth in added value. The agricultural and sideline food processing industry increased by 2.9 percent, the textile industry increased by 6.5 percent, the chemical raw materials and chemical products manufacturing industry increased by 9.2 percent, the non-metallic mineral products industry increased by 7.7 percent, the ferrous metal smelting and processing industry increased by 9.6 percent, the non-ferrous metal smelting and processing industry increased by 4.0 percent, the general equipment manufacturing industry increased by 10.2 percent, the special equipment manufacturing industry by 10.5 percent, the automobile manufacturing industry increased by 11.1 percent The shipbuilding, aerospace and other transportation equipment manufacturing industry increased by 2.6 percent, electrical machinery and equipment manufacturing industry increased by 18.0 percent, computer, communication and other electronic equipment manufacturing industry increased by 9.3 percent, and power and heat production and supply industry increased by 5.1 percent.

In terms of regions, in November, the added value of the eastern region increased by 8.8 percent, that of the central region increased by 6.7 percent, that of the western region increased by 5.2 percent, and that of the northeast increased by 6.4 percent.

In terms of products, 439 out of 612 products increased year on year in November. Steel was 117.34 million tons, an increase of 10.8 percent; cement was 243.3 million tons, an increase of 7.7 percent; ten kinds of non-ferrous metals was 5.49 million tons, an increase of 6.1 percent; ethylene was 1.98 million tons, an increase of 11.6 percent; automobile was 2.783 million vehicles, an increase of 8.1 percent, including 207 thousand new energy vehicles, an increase of 99.0 percent; power generation capacity was 641.9 billion kwh, an increase of 6.8 percent; crude oil processing capacity was 58.35 million tons, an increase of 3.2 percent.

In November, the product sales rate of industrial enterprises was 98.3 percent, 0.2 percentage point higher than that of the same month of last year; the export delivery value of industrial enterprises reached 1,220.5 billion yuan, a nominal increase of 9.1 percent over the same period of last year.

Annotations:

1. Explanation of Indicator.

Growth rate of value added of the industrial enterprises: also known as industrial growth rate, which is used to reflect a certain period of increase or decrease in volume of industrial production indicators of the degree of change. The indicator can be used to estimate the short-term trend of the industrial economy, to judge the extent of the economic boom, and also to be an important reference and basis for the formulation and adjustment of economic policies, and for the implementation of macroeconomic adjustment and control.

Sales ratio: refers to sale value and industrial output value, which reflecting the situation between production and sales of industrial products.

Export delivery value: refers to the foreign trade department of industrial enterprises or self-run (commission) exports (including sold in Hong Kong, Macao and Taiwan), with the price of foreign exchange settlement of product value, and foreign samples, materials processing, component assembly and compensation trade product value.

Daily product output: the total production of the total value added of the industrial enterprises above designated size in the current month divided by number of days in the month.

2. Statistical Coverage.

The standard starting point of industrial enterprises above designated size was 20 million yuan of annual revenue from primary business.

Due to the annual changes of the coverage of industrial enterprises above designated size, and in order to ensure that the data for this year is comparable with that of the previous year, the data of the corresponding period used for calculating the year-on-year growth rates of various indicators such as product output is as consistent with the enterprise statistical coverage of the current period as possible, and there is a difference in caliber from the data published last year. The main reasons are: (1) Coverage changes of statistical units. Each year, some companies will be included in the survey after having reached requisite size, and some will exit the survey due to their smaller size, and there are also influence of new built and starting enterprises, bankruptcies, and companies that have been suspended or sold. (2) There is cross-regional repeated calculation in the output data of some enterprise group (company) products, which has been eliminated according to specific surveys.

3. Survey Methods.

The reports of industrial enterprises above designated size are conducted with complete survey on a monthly basis (Not report for January).

4. Division on Eastern, Central and Western Regions.

Eastern region includes Beijing, Tianjin, Hebei, Liaoning, Shanghai, Jiangsu, Zhejiang, Fujian, Shandong, Guangdong, and Hainan. Central region includes Shanxi, Jilin, Heilongjiang, Anhui, Jiangxi, Henan, Hubei, and Hunan. Western region includes Inner Mongolia, Guangxi, Chongqing, Sichuan, Guizhou, Yunnan, Tibet, Shaanxi, Gansu, Qinghai, Ningxia, and Xinjiang. Northeastern region includes Liaoning, Jilin and Heilongjiang.

5. Standard on industrial classification

NBS enforces New Standard on Industrial Classification for National Economic Activities" (GB/T 4754-2017). For details, please refer the following link: http://www.stats.gov.cn/tjsj/tjbz/hyflbz.

6. Revision on month-on-month data

The month-on-month growth rate of the total value added of the industrial enterprises above designated size from November 2019 to November 2020 was revised according to the results of automatic revision of seasonal adjustment model. The results are as follows: