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March 2, 2021

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China remains world’s manufacturing hub

CHINA has maintained its position as the world’s largest manufacturing hub for 11 straight years, accounting for nearly 30 percent of the global manufacturing output, according to the Ministry of Industry and Information Technology.

In the past five years, the value-added industrial output in China has increased from 23.5 trillion yuan (US$3.63 trillion) to 31.3 trillion yuan, Xiao Yaqing, minister of MIIT, said yesterday.

During the 13th Five-Year Plan (2016-20) period, the average growth rate of the value-added output from China’s high-tech manufacturing sector reached 10.4 percent, up 4.9 percentage points from that of the overall industrial output, MIIT data showed.

The information transmission and software and information technology service industries have seen remarkable progress during the period. Their value-added industrial output surged from 1.8 trillion yuan to 3.8 trillion yuan with the proportion in gross domestic product growing from 2.5 percent to 3.7 percent, Xiao said.

China supports the development of 5G, new-energy car and chip industries to boost innovations and economic transformation, the industry regulator said. By the end of 2020, household penetration of fixed broadband in China reached 96 percent, while the mobile broadband penetration rate came in at 108 percent, the data showed.

In terms of 5G development, the country has built a total of 718,000 5G base stations by the end of last year, with the number of mobile terminals connected to the network exceeding 200 million, according to the MIIT.

China’s integrated circuit sales are estimated to reach 884.8 billion yuan in 2020, up 20 percent year on year, said Tian Yulong, chief engineer with the ministry.

While improving policies favorable to the sector, China will further boost international cooperation to achieve the healthy development of the integrated circuit sector, he said.

In July 2020, China rolled out a set of policies to support the high-quality development of the integrated circuit sector, covering tax incentives, financial support, research, market application and international cooperation.




 

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