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China's electronics and information industry showed strong signs of going downward in the first four months of this year. Although there were signs of recovery in the March-April period, the industry is still staying at a stage of adjustment, with some sectors and productions mixed with ups and downs. The overall foundation for the whole industry is not solid.
According to the latest statistics released by the Ministry of Industry and Information Technology (MIIT), in the first four months of this year, sales value growth of large electronics and information enterprises in China was 7.1 percentage points lower than the growth in the same period of last year, 2.1 percentage points weaker than the first three months, and 7.3 percentage points lower than the 0.18% average growth of the industrial sector of the country in the same period, which was 1.8 percentage points milder over the previous month. The growth kept on climbing month on month, with the dropping rate standing at 1.5% in April, 2.0% in March and 3.7% in February.
China's imports and exports of electronics and information products continued the downward turn in January-April, with the exports of US$120.72 billion, down 24.15% year on year, with the growth rate of 3.65 percentage points lower than the total export of the country, and the imports of US$80.973 billion, down 28.62%. For breakdowns, the export of communication equipments amounted to US$22.166 billion, down 14.7% year on year; broadcasting and TV equipments, US$1.841 billion, down 31.25%; computer, US$45.19 billion, down 24.47%; household electronic and electric appliances, US$20.883 billion, down 20.98%; electronic elements, US$14.277 billion, down 36.11%; electronic parts, US$10.701 billion, down 26.27%; electronic materials, US$1.049 billion, down 25.69%; and electronic devices and equipments, US$4.613 billion, down 22.45%.
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