China’s industrial profits rose 0.5% between January and August this year, driven mainly by the high-technology sector, according to data released this Friday (27) by the National Bureau of Statistics (NBS). This progress occurred despite challenges such as adverse weather conditions and a high comparison base in the previous year.
The high-technology industry, which includes the manufacture of lithium-ion batteries, semiconductors and other cutting-edge equipment, recorded a significant increase of 10.9% in the period, being one of the main factors for the good performance of the industrial sector. According to Yu Weining, a statistician at NBS, this segment continues to be one of the main drivers of industrial growth, even in the face of difficulties.
Still, the pace of profit growth was impacted by factors such as low market demand and the effects of natural disasters, such as heat waves and floods in some regions. Furthermore, the higher comparative basis in August also contributed to the slowdown, according to Yu.
Tian Yun, an economist from Beijing, highlighted that a more vigorous stimulus to domestic demand will be necessary, especially with the expectation of new fiscal measures to be implemented in the fourth quarter, with the aim of strengthening the economy.
Source: https://www.ocafezinho.com/2024/09/28/alta-tecnologia-impulsiona-crescimento-industrial-da-china/
