China’s electronic information manufacturing sector reports steady growth

China‘s electronic information manufacturing sector maintained stable expansion in the first two months of the year, data from the Ministry of Industry and Information Technology showed.

The added value of electronic information manufacturers with annual operating revenues of at least 20 million yuan (about 3.15 million U.S. dollars) expanded 12.7 percent year on year during the period, 1.1 percentage points faster than the two-year average of 2020 and 2021.

The operating revenue of these companies climbed 8.5 percent year on year to over 2 trillion yuan in the January-February period, while their combined profits dropped 7.3 percent year on year to 72.5 billion yuan.

According to the data, the export delivery value of major electronic information manufacturers rose 11.4 percent year on year in the first two months, while fixed-asset investment into the sector surged 35.1 percent from a year earlier.

Source: Xinhua

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