Industrial Production Operation in December 2021
National Bureau of Statistics of China2022-01-18 10:00




In December 2021, the added value of industries above designated size actually increased by 4.3 percent year-on-year (the growth rate of the following added value was the actual growth rate after deducting price factors), an increase of 11.9 percent over the same period in 2019 and an average increase of 5.8 percent over the two years. On a month-on-month basis, in December, the added value of industries above designated size increased by 0.42 percent over the previous month. In 2021, the added value of industries above designated size increased by 9.6 percent over the previous year, with an average growth of 6.1 percent in the two years.

 

 

In terms of three categories, in December, the added value of the mining industry increased by 7.3 percent year-on-year; the manufacturing industry increased by 3.8 percent; the production and supply of electricity, heat, gas and water increased by 7.2 percent.

            

In terms of economic types, in December, the added value of state-owned holding enterprises increased by 3.3 percent year-on-year; joint stock enterprises increased by 4.7 percent, and foreign-invested enterprises and enterprises invested by Hong Kong, Macao and Taiwan increased by 3.4 percent; private enterprises increased by 4.7 percent.

 

By industry, in December, the added value of 30 of the 41 major industries kept year-on-year growth. Agricultural and sideline food processing industry increased by 5.7 percent, textile industry decreased by 2.4 percent, chemical raw materials and chemical products manufacturing industry increased by 1.2 percent, non-metallic mineral products industry decreased by 0.2 percent, ferrous metal smelting and processing industry decreased by 2.5 percent, non-ferrous metal smelting and processing industry decreased by 0.8 percent, general equipment manufacturing industry increased by 1.5 percent, special equipment manufacturing industry increased by 7.4 percent, automobile manufacturing industry increased by 2.8 percent, railway, shipbuilding, aerospace and other transportation equipment manufacturing industry decreased by 2.0 percent, electrical machinery and equipment manufacturing industry increased by 5.8 percent, computer, communication and other electronic equipment manufacturing industry increased by 12.0 percent, and power and heat production and supply industry increased by 7.9 percent.

 

By product, in December, the output of 288 of 612 products increased year-on-year. 113.55 million tons of steel, a year-on-year decrease of 5.2 percent; 190.85 million tons of cement, down 11.1 percent; 5.47 million tons of ten non-ferrous metals, down 3.8 percent; 2.45 million tons of ethylene, an increase of 2.5 percent; 2.966 million vehicles, an increase of 3.4 percent, including 523,000 new energy vehicles, an increase of 113.5 percent; the power generation was 723.4 billion kwh, down 2.1 percent; crude oil processing capacity was 58.73 million tons, down 2.1 percent.

 

In December, the product sales rate of industrial enterprises was 98.0 percent, a year-on-year decrease of 0.4 percentage point; industrial enterprises achieved an export delivery value of 1,486.6 billion yuan, a year-on-year nominal increase of 15.5 percent.

                          

Industrial Production Operation in December 2021

 

Indicators

December

Jan-Dec

Absolute Value

Increase rate Y/Y

(%)

Absolute Value

Increase rate Y/Y

(%)

 

 

 

   

Value-added of Industry Above Designated Size

4.3

9.6

Grouped by Three Sectors

 

 

 

 

 Mining and Quarrying

7.3

5.3

 Manufacturing

3.8

9.8

    Manufacture of  high-tech industry

12.1

18.2

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

7.2

11.4

Grouped by Status of Registration

 

 

 

 

State-holding Enterprises

3.3

8.0

 Collective-Owned Enterprises

4.7

9.8

 Joint-Stock Enterprises

3.4

8.9

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

4.7

10.2

The Value-Added of the Main Industrial Sectors

 

 

 

 

 Processing of Food from Agricultural Products

5.7

7.7

 Manufacture of Foods

9.1

8.0

 Manufacture of Textile

-2.4

1.4

Manufacture of Chemical Raw Material and Chemical Products

1.2

7.7

Manufacture of Medicines

8.6

24.8

 Manufacture of Rubber and Plastics Products

0.0

6.3

 Manufacture of Nonmetal Mineral Products

-0.2

8.0

Manufacture of Ferrous Metal Smelting and Pressing

-2.5

1.2

 Manufacture and Processing of Non-Ferrous Metals

-0.8

3.9

 Manufacture of Fabricated Metal Products

4.6

16.0

 Manufacture of General Machinery

1.5

12.4

 Manufacture of Special-Purpose Machinery

7.4

12.6

 Manufacture of Motor Vehicles

2.8

5.5

Manufacture of Railways, Shipbuilding, Aerospace and Other Transportation Equipment

-2.0

8.4

 Manufacture of Electric Machinery and Equipment

5.8

16.8

Manufacture of Computer, Communication Equipment and Other Electronic Equipment

12.0

15.7

 Production and Supply of Electric Power and Heat Power

7.9

10.9

Output of Major Products

 

 

 

 

 Cloth (100 million meters)

39

0.8

396

7.5

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

807

-5.1

9383

5.0

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

338

-1.2

3891

5.2

 Ethylene (10,000 tons)

245

2.5

2826

18.3

 Chemical Fiber (10,000 tons)

585

-2.8

6709

9.1

Cement (10,000 tons)

19085

-11.1

236281

-1.2

Plate Glass (10 000 weight boxes)

8596

3.2

101665

8.4

 Pig Iron (10,000 tons)

7210

-5.4

86857

-4.3

 Crude Steel (10,000 tons)

8619

-6.8

103279

-3.0

 Steel Products (10,000 tons)

11355

-5.2

133667

0.6

10 Kinds Of Nonferrous Metals (10,000 tons)

547

-3.8

6454

5.4

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

311

-4.0

3850

4.8

Metal-Cutting Machine Tool (10,000 sets)

6

5.8

60

29.2

Industrial Robot (unit/set)

35175

15.1

366044

44.9

Automobile (10,000 sets)

296.6

3.4

2652.8

4.8

 Of which: Saloon cars (10,000 sets)

113.5

7.4

976.5

5.7

     SUV(10,000 sets)

113.5

5.2

973.6

6.2

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

52.3

113.5

367.7

145.6

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

1874

9.0

15955

9.9

Micro Computer Equipment (10,000 sets)

4454

4.2

46692

22.3

 Mobile Phone (10,000 sets)

17461

2.8

166152

7.0

 Of which: Smartphone (10,000 sets)

13554

8.7

127245

9.0

Integrated Circuit (100 ,000,000 pcs)

299

1.9

3594

33.3

Raw Coal (10,000 tons)

38467

7.2

407136

4.7

Coke (10,000 tons)

3600

-10.7

46446

-2.2

Crude Oil (10,000 tons)

1647

1.7

19898

2.4

 Crude Processing Volume (10,000 tons)

5873

-2.1

70355

4.3

  Natural Gas (100 million Cubic Meters)

192

2.3

2053

8.2

  Electricity (100 million kWh)

7234

-2.1

81122

8.1

 Thermal Power

5433

-4.9

57702

8.4

 Hydro-electric Power

715

-6.8

11840

-2.5

 Nuclear Power

373

5.7

4075

11.3

 Wind Power

571

30.1

5667

29.8

 Solar Power

142

18.8

1837

14.1

Sales Ratio (%)

98.0

-0.4(percentage point)

97.7

-0.2(percentage point)

Export Delivery Value (100 million yuan)

14866

15.5

145254

17.7

 

 

 

   

 

 

 

 

 

 

 

 

 

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 December 2020 to October 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-December

0.62

     2021-January

0.63

     February

0.62

     March

0.61

     April

0.51

     May

0.49

     June

0.51

     July

0.23

     August

0.30

     September

0.06

     October

0.39

     November

0.37

     December

0.42

 

 

 

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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