Ding! 📣 Did you hear? China’s big factories are seeing better days!
In November, China’s major industrial companies didn’t lose as much profit as before. Their profits only fell by 7.3% compared to last year, which is better than October when profits fell by 10%. That’s a big improvement! 📈
Some industries even had profit increases! For example:
- Nonferrous Metal Smelting and Rolling: Profits grew by 20.2%! That’s metals like copper and aluminum being melted and shaped.
- Electricity and Heat Production: Up by 13.5%. Think of all the electricity that powers your gadgets! ⚡
- Textile Industry: Grew by 4.6%. That’s making clothes and fabrics. 🧵
- Computer and Electronics Manufacturing: Increased by 2.9%. That’s making computers and smartphones! 💻📱
A statistician named Yu Weining from China’s National Bureau of Statistics said that government policies are helping factories do better. These policies are like rules and plans to help companies make more stuff and earn more money.
What’s super cool is that high-tech industries are really booming! 🚀 In November:
- Opto-electronic Device Manufacturing: Profits jumped by 41.1%! That’s making things like lasers and fiber optics.
- Aerospace Equipment Manufacturing: Up by 14.3%. That’s stuff for airplanes and space!
Smart and automated products are also on the rise:
- Wearable Smart Devices & Graphics Computing: Profits soared by 90.3%! That’s your smartwatches and fancy computer graphics. ⌚🎮
- Measuring Instruments: Grew by 31.3%. These are tools that help measure things precisely, like thermometers or rulers. 📏
Even though overall profits are still down, the fact that the decline is getting smaller is a good sign. It means things are getting better!
Looking ahead, officials predict that in 2024, the value of goods produced by major factories will grow by around 5.7%. That’s like saying they’ll make more stuff than they did before! The manufacturing sector is expected to stay strong, with more investments and even a big plan to help companies raise over 1 trillion yuan (that’s a lot of money!) to keep growing.
Isn’t it exciting to see how industries can bounce back and grow? Maybe one day you’ll be part of these amazing developments! 🌟
Reference(s):
cgtn.com
