Beijing's industrial sector experienced significant growth in the first half of the year, according to data released Monday by the municipal bureau of statistics. Industrial enterprises above the designated size reported a total business revenue of 1.4 trillion yuan (US$192.7 billion), an 8.8% increase from the same period last year. Total profits reached 88.21 billion yuan, reflecting an 11% year-over-year growth.

The growth was driven by improved domestic and international demand and the effective implementation of macroeconomic policies, according to the Beijing Municipal Bureau of Statistics. This favorable environment bolstered the sector's resilience and stability, with 21 out of 37 major industrial categories reporting profit increases. 

The power and heat production and supply sector continued its steady growth, achieving profits of 28.13 billion yuan, a 26.8% increase year over year. The computer, communication, and electronic equipment manufacturing sector saw a remarkable profit surge of 406.1%, driven by strong demand in consumer electronics and high activity in the integrated circuit field.

Automobile manufacturing booked profits of 12.36 billion yuan, driven by the expansion in the new energy vehicle sector. Pharmaceutical manufacturing achieved profits of 10.79 billion yuan, while general equipment manufacturing reported profits of 2.65 billion yuan.

Related

Go to Forum >>0 Comment(s)