China's industrial operation situation in July is

In July, China's industrial operation situation was in line with macro-control expectations

in July, China's industrial operation situation was in line with macro-control expectations

China Construction machinery information

Guide: the monthly data released by the National Bureau of statistics on August 14 showed that the stability of cabinets in industries above Designated Size in July had been more modified and supplemented, and the added value of the industry increased by 14.7% year-on-year, 3.3 percentage points lower than the same period last year and 1.3 percentage points lower than June. This growth rate is significantly lower than the 16% expected by the market, and has also fallen back to the new low since 2007

according to the monthly data released by the National Bureau of statistics on August 14, the added value of industries above designated size increased by 14.7% year-on-year in July, down 3.3 percentage points from the same period last year, and down 1.3 percentage points from the construction of special pipes and pipe processing projects in June. This growth rate is significantly lower than the 16% expected by the market, and has also fallen back to a new low since 2007

in July, the growth rate of industrial added value fell significantly, causing the market to worry about the rapid economic decline. Some commentators said that against the backdrop of the global economic slowdown, China has also failed to escape the general trend of economic slowdown. As the export slowdown and rising costs began to compress corporate profits, the closure of relevant factories during the Olympic Games also reduced industrial production. In July, the growth rate of China's industrial production fell to a new low since 2007. Under the influence of macro-control, it is expected that industrial output will continue to be under pressure in the future

a comprehensive and correct analysis and interpretation are needed for the decline in the growth rate of industrial production. Zhu Baoliang of the Economic Forecasting Department of the State Information Center believes that this trend of industrial operation is the result of China's macro-control policies, and also reflects that changes in the world economy have a greater impact on the domestic economy, as well as the short-term impact of temporary factors

in terms of exports, affected by the reduction of external demand caused by the slowdown of world economic growth, the continuous appreciation of the RMB, the adjustment of export tax rebate rate, the restriction of high energy consumption, high pollution and resource products, and many other policy adjustments to reduce the surplus, China's exports in July increased by 26.9% year-on-year, and the growth rate fell by 7.3 percentage points compared with the same period last year

in terms of production costs, affected by the rise in the prices of primary products such as international crude oil and iron ore, imports from Australia and Indonesia were 27.3613 million tons and 24.5219 million tons respectively, the prices of energy and raw materials in China also showed a rising trend. The increase of enterprise production costs has affected industrial production. Statistics show that in July, the ex factory price of China's oil and natural gas mining industry increased by 40.2% year-on-year, the ex factory price of coal mining and washing industry increased by 32.6% year-on-year, and the ex factory price of ferrous metal mining and dressing industry increased by 52.4%

in addition, the frequent occurrence of natural disasters and their lagging impact have also dragged down the growth of industrial production

Zhu Baoliang believes that although the growth rate of industrial production fell in July, it has not changed the steady and rapid growth trend of industrial production since this year, and industrial production continues to develop in the direction of macro-control. From January to July, industrial production above designated size increased by 16.1% year-on-year, still maintaining a rapid growth

from the perspective of the overall operation of the industrial economy, it is generally in line with the direction of national macro-control. Under the guidance of the national "energy conservation and emission reduction" policy, the excessive growth momentum of high energy consumption industries has been further curbed. In the first half of this year, the industrial added value of six high energy consuming industries, steel, non-ferrous metals, building materials, petroleum processing, chemical industry and electric power, which accounted for about 30% of the industrial added value, increased by 14.5% year-on-year, down 5.6 percentage points from the same period last year, and the growth rate fell by 3.4 percentage points higher than that of industry

in terms of foreign trade, since this year, we have been committed to adjusting the structure of export products, adopting a variety of policies and effectively controlling the export of "two high and one capital" products. In terms of export structure, mechanical and electrical products, which account for half of China's exports, have grown steadily and have become the main driving force for the growth of foreign trade exports. From January to June this year, China's export of mechanical and electrical products reached 388.78 billion US dollars, an increase of 25.3%; High tech products reached US $19.17 billion, an increase of 21.8%. However, the export of textile, steel and other industries decreased due to low added value. In the first half of the year, the export of steel was 26.94 million tons, a year-on-year decrease of 20.2%, of which the export of billets fell by 97% year-on-year. Then, according to the actual rough measurement results, adjust the range to the required coke export of 7.44 million tons, a year-on-year decrease of 7.5%

with the reduction of production in high energy consuming industries, the rate of reduction of unit energy consumption across the country is also accelerating. In the first half of this year, the energy consumption per unit of added value of industries above designated size decreased by 5.76% year-on-year, and the energy consumption per unit of GDP decreased by 2.88% year-on-year. This figure is higher than the decrease of 2.78% in the same period of 2007, and higher than the decrease of 2.62% in the first quarter of this year. This shows that China's economic structure is further optimized and the green content of economic growth is increasing

in terms of the quality of industrial economic operation, the quality of China's industrial economic growth has been further improved. According to the statistics released by the Ministry of industry and information technology a few days ago, in the first half of this year, China's high value-added products increased rapidly, and the structure of industrial products further improved. Statistics show that in the first half of this year, the production of high value-added plates, pipes and strips in the steel industry increased by 17.4%, and the production of long products with low value-added increased by 6.9%. In the first five months, the proportion of new dry process cement reached 56%, an increase of 3 percentage points year-on-year. High end products in the electronic information products manufacturing industry continued to maintain high-speed growth

in terms of industrial economic production benefits, industrial economic benefits still maintain a good momentum. From January to may, the profits of industries above Designated Size nationwide reached 1094.4 billion yuan, an increase of 20.9% year-on-year, and the growth rate was still faster than that in the previous two months. From the industry level, there is a pattern of general rise in industry profits. Among the 39 industrial categories, 34 industries achieved profit growth. Excluding the four industries that are greatly affected by price fluctuations such as oil exploitation, oil processing, coal and electricity, the profits of the other 35 industries increased by 32.2% year-on-year

all these show that with the gradual effectiveness of macro-control, China's industrial production shows the characteristics of moderate speed, structural optimization, stable efficiency and improved quality. At the same time, it also shows that the fundamentals of sustained, stable and rapid development of China's industrial production have not changed, and there is still momentum and vitality for steady and rapid growth