Industrial Production Operation in October 2021
National Bureau of Statistics of China2021-11-16 10:00




In October, the added value of industries above designated size actually increased by 3.5 percent year-on-year (the growth rate of the following added value was the actual growth rate excluding price factors), an increase of 10.6 percent over the same period in 2019 and an average increase of 5.2 percent over the two years. On a month-on-month basis, in October, the added value of industries above designated size increased by 0.39 percent over the previous month. From January to October, the added value of industries above designated size increased by 10.9 percent year-on-year, with an average growth of 6.3 percent in the two years.

 

 

Divided into three categories, in October, the added value of the mining industry increased by 6.0 percent year-on-year; that of the manufacturing industry increased by 2.5 percent; that of the production and supply of electricity, heat, gas and water increased by 11.1 percent.

            

In terms of economic types, in October, the added value of state-owned holding enterprises increased by 5.2 percent year-on-year; that of joint stock enterprises increased by 4.2 percent, and foreign-invested enterprises and enterprises invested by Hong Kong, Macao and Taiwan increased by 1.3 percent; and that of private enterprises increased by 2.4 percent.

 

By industry, in October, the added value of 28 of the 41 major industries maintained year-on-year growth. Agricultural and sideline food processing industry increased by 3.3 percent, textile industry decreased by 5.9 percent, chemical raw materials and chemical products manufacturing industry increased by 0.8 percent, non-metallic mineral products industry decreased by 4.1 percent, ferrous metal smelting and processing industry decreased by 12.8 percent, non-ferrous metal smelting and processing industry remained unchanged year-on-year, general equipment manufacturing industry increased by 1.0 percent, special equipment manufacturing industry increased by 7.2 percent, automobile manufacturing industry decreased by 7.9 percent, railway, shipbuilding, aerospace and other transportation equipment manufacturing increased by 6.5 percent, electrical machinery and equipment manufacturing increased by 5.3 percent, computer, communication and other electronic equipment manufacturing increased by 14.0 percent, and power and heat production and supply increased by 10.7 percent.

 

By product, in October, the output of 246 of 612 products increased year-on-year. 101.74 million tons of steel, a year-on-year decrease of 14.9 percent; 201.4 million tons of cement, down 17.1 percent; 5.26 million tons of ten non-ferrous metals, down 2.6 percent; 2.32 million tons of ethylene, an increase of 4.0 percent; 2.344 million vehicles, down 8.3 percent, including 408,000 new energy vehicles, up 127.9 percent; the power generation was 639.3 billion kwh, an increase of 3.0 percent; and crude oil processing capacity was 58.4 million tons, down 3.0 percent.

 

In October, the product sales rate of industrial enterprises was 97.3 percent, a year-on-year decrease of 1.1 percentage points; industrial enterprises achieved an export delivery value of 1,267.1 billion yuan, a year-on-year nominal increase of 11.6 percent.

                          

Industrial Production Operation of October 2021

 

Indicators

October

Jan-Oct

Absolute Value

Increase rate Y/Y

(%)

Absolute Value

Increase rate Y/Y

(%)

 

 

 

   

Value-added of Industry Above Designated Size

3.5

10.9

Grouped by Three Sectors

 

 

 

 

 Mining and Quarrying

6.0

4.8

 Manufacturing

2.5

11.3

    Manufacture of  high-tech industry

14.7

19.5

Production and Distribution of Electricity, Heating Power, Gas and Water

11.1

11.9

Grouped by Status of Registration

 

 

 

 

State-holding Enterprises

5.2

9.1

 Collective-Owned Enterprises

4.2

11.1

 Joint-Stock Enterprises

1.3

10.4

 Enterprises with Funds from Hong Kong, Macao and Taiwan, and Foreign Funded Enterprises

2.4

11.8

The Value-Added of the Main Industrial Sectors

 

 

 

 

 Processing of Food from Agricultural Products

3.3

8.0

 Manufacture of Foods

6.8

7.8

 Manufacture of Textile

-5.9

2.5

Manufacture of Chemical Raw Material and Chemical Products

0.8

9.6

Manufacture of Medicines

16.3

27.9

 Manufacture of Rubber and Plastics Products

-5.4

8.1

 Manufacture of Nonmetal Mineral Products

-4.1

10.6

Manufacture of Ferrous Metal Smelting and Pressing

-12.8

3.0

 Manufacture and Processing of Non-Ferrous Metals

0.0

5.1

 Manufacture of Fabricated Metal Products

6.7

19.4

 Manufacture of General Machinery

1.0

15.2

 Manufacture of Special-Purpose Machinery

7.2

14.6

 Manufacture of Motor Vehicles

-7.9

7.3

Manufacture of Railways, Shipbuilding, Aerospace and Other Transportation Equipment

6.5

10.8

 Manufacture of Electric Machinery and Equipment

5.3

19.5

Manufacture of Computer, Communication Equipment and Other Electronic Equipment

14.0

16.5

 Production and Supply of Electric Power and Heat Power

10.7

11.4

Output of Major Products

 

 

 

 

 Cloth (100 million meters)

34

0.3

319

9.0

 Sulfuric Acid(100%) (10,000 tons)

757

-3.0

7797

6.3

 Caustic Soda(100%) (10,000 tons)

317

-0.8

3158

5.2

 Ethylene (10,000 tons)

232

4.0

2320

20.8

 Chemical Fiber (10,000 tons)

537

-4.9

5572

11.8

Cement (10,000 tons)

20140

-17.1

197263

2.1

Plate Glass (10 000 weight boxes)

8547

3.7

84299

8.9

 Pig Iron (10,000 tons)

6303

-19.4

73407

-3.2

 Crude Steel (10,000 tons)

7158

-23.3

87705

-0.7

 Steel Products (10,000 tons)

10174

-14.9

112235

2.8

10 Kinds Of Nonferrous Metals (10,000 tons)

526

-2.6

5376

7.0

 Of which: Primary Aluminium (Electrolytic Aluminium) (10,000 tons)

313

-1.8

3237

6.5

Metal-Cutting Machine Tool (10,000 sets)

4

4.8

49

31.9

Industrial Robot (unit/set)

28460

10.6

298098

51.9

Automobile (10,000 sets)

234.4

-8.3

2091.7

7.1

 Of which: Saloon cars (10,000 sets)

87.6

-8.1

765.5

7.6

     SUV(10,000 sets)

89.5

-6.4

758.1

8.5

 Of which: New Energy Automobile (10,000 sets)

40.8

127.9

270.1

164.0

Generator Set (Power Generating Equipment) (10,000 kWh)

1486

-5.7

12263

7.2

Micro Computer Equipment (10,000 sets)

4142

1.5

38016

25.9

 Mobile Phone (10,000 sets)

13867

-0.9

129429

6.4

 Of which: Smartphone (10,000 sets)

10874

7.4

99524

8.2

Integrated Circuit (100 ,000,000 pcs)

301

22.2

2975

40.2

Raw Coal (10,000 tons)

35709

4.0

329716

4.0

Coke (10,000 tons)

3599

-11.3

39410

0.1

Crude Oil (10,000 tons)

1683

3.0

16619

2.5

 Crude Processing Volume (10,000 tons)

5840

-3.0

58515

5.2

  Natural Gas (100 million Cubic Meters)

165

0.5

1684

9.4

  Electricity (100 million kWh)

6393

3.0

67176

10.0

 Thermal Power

4264

5.2

47556

11.3

 Hydro-electric Power

1194

-11.9

10222

-2.3

 Nuclear Power

335

16.9

3366

12.7

 Wind Power

465

23.5

4515

28.6

 Solar Power

136

0.4

1516

10.5

Sales Ratio (%)

97.3

-1.1(percentage 

 points)

97.7

-0.1(percentage 

 point)

Export Delivery Value (100 million yuan)

12671

11.6

116375

18.5

 

 

 

   

 

 

 

 

 

 

 

 

 

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. 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.

 

5. 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 October 2020 to September 2021 was revised according to the results of automatic revision of seasonal adjustment model. The results are as follows:

 

The Month-on-Month Growth Rate of Industrial Production Operation

 

Months

Growth Rate (%)

 

 

     2020-October

0.62

     November

0.56

     December

0.62

     2021-January

0.64

     February

0.65

     March

0.60

     April

0.52

     May

0.51

     June

0.50

     July

0.24

     August

0.30

     September

0.05

     October

0.39

 

 

 

6. Description of Average Growth Rate in Two Years

 

The two-year average growth rate refers to the growth rate calculated by geometric average method based on the corresponding number of the same period in 2019.

 

Annex
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