Notably, the high-tech manufacturing sector outpaced overall growth, reporting a 7.5% increase, which was a significant increase over the last quarter of 2023 by 2.6 percentage points.
According to Chinese media, this momentum continued into March, with industrial output increasing 4.5% compared to the same month last year.
China's industrial output in the first quarter of 2024 increased by 6.1%, of which manufacturing increased by 6.7%. High-tech production increased 7.5%, up 2.6 points compared to the fourth quarter of 2023. March output increased 4.5%. The early 2024 profits of major industrial companies reached 914.1 billion yuan (about 128.7 billion USD), up 10.2% over the same period last year.
Furthermore, major Chinese industrial companies reported significant increases in profits in the first two months of the year. Earnings reached 914.1 billion yuan, or about $128.7 billion, marking a year-on-year increase of 10.2%. last year.
Fiber2 Fashion News Desk (DP)
