Global EditionASIA 中文双语Français
Home / Business / Industries

China's industrial enterprises register steady recovery in 2023

Xinhua | Updated: 2024-02-11 14:32
Share - WeChat
Workers install engines in new energy vehicles at the Dayun New Energy Vehicle Production Base in Yuncheng, Shanxi province, on Jan 25, 2024. [Photo/VCG]

BEIJING - China's industrial enterprises saw steady recovery in 2023 and their combined revenues increased for a fifth straight month, official data showed.

Last year, revenues of major industrial firms with annual main business revenue of at least 20 million yuan ($2.82 million) went up 1.1 percent year-on-year, according to the National Bureau of Statistics (NBS).

In the fourth quarter of 2023, the revenues of these enterprises rose 3.2 percent year-on-year, while the growth rate was 2.9 percentage points faster than in the previous quarter.

The operation of industrial enterprises maintained an expansion trend and showed strong resilience, creating favorable conditions for the continuous recovery of their profits, said NBS statistician Yu Weining.

In the next stage, China will expand domestic demand, stimulate the vitality of various business entities, promote self-reliance in high-level science and technology and accelerate the development of a modern industrial system, as part of efforts to promote the high-quality development of the industrial economy, Yu added.

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349