China's May Industrial Output Rises 4.5% as Equipment Manufacturing Contributes Nearly 80%
Updated
Updated · China Daily · Jun 23
China's May Industrial Output Rises 4.5% as Equipment Manufacturing Contributes Nearly 80%
1 articles · Updated · China Daily · Jun 23
Summary
China’s value-added industrial output at firms above designated size grew 4.5% in May, up 0.4 percentage point from April despite external and domestic headwinds.
Equipment manufacturing drove that acceleration, with value-added output jumping 9.5% and contributing nearly 80% of overall industrial growth, underscoring the role of higher-end production.
Tax data for January-May showed industrial sales revenue rising 6.8%, with robots up 27.7% and smart in-vehicle equipment up 46.3%, pointing to faster AI-led industrial upgrading.
Green transition also strengthened the picture: clean-energy sales revenue climbed 18.9% and made up 38.1% of total power-production sales revenue.
Officials said proactive macro policies helped keep the broader economy stable in May even as Middle East conflict spillovers and extreme weather weighed on supply and demand.