Industry 2018

In 2018, the total value added of the industrial sector was 30.52 trillion yuan($4.61 trillion), a rise of 6.1 percent from the previous year. The value added of industrial enterprises above designated size increased by 6.2 percent.

Of the industrial enterprises above designated size, in terms of ownership, the value added of state-holding enterprises grew by 6.2 percent; that of share-holding enterprises grew by 6.6 percent; that of enterprises run by foreign investors and investors from Hong Kong, Macao and Taiwan grew by 4.8 percent; and that of private enterprises grew by 6.2 percent.

In terms of sectors, the value added of the mining industry grew by 2.3 percent, that of manufacturing grew by 6.5 percent and that of production and supply of electricity, heat power, gas and water grew by 9.9 percent.

In 2018, of the industrial enterprises above designated size, the value added for agricultural product food processing and sideline products was up by 5.9 percent from the previous year; for the textile industry, it was up by 1.0 percent; for the manufacturing of raw chemical materials and chemical products, it was up by 3.6 percent; for the manufacturing of non-metallic mineral products, it was up by 4.6 percent; for smelting and pressing of ferrous metals, it was up by 7.0 percent; for the manufacturing of general purpose machinery, it was up by 7.2 percent; for the manufacturing of special purpose machinery, it was up by 10.9 percent; for the manufacturing of automobiles, it was up by 4.9 percent; for the manufacturing of electrical machinery and apparatus, it was up by 7.3 percent; for the manufacturing of computers, communication equipment and other electronic equipment, it was up by 13.1 percent; and for the production and supply of electricity and heat power, it was up by 9.6 percent.

In 2018, the profits made by industrial enterprises above designated size were 6.64 trillion yuan, up by 10.3 percent from the previous year. By ownership, the profits of state-holding enterprises were 1.86 trillion yuan, up by 12.6 percent from the previous year; those of share-holding enterprises were 4.70 trillion yuan, up by 14.4 percent; those of enterprises funded by foreign investors or investors from Hong Kong, Macao and Taiwan were 1.68 trillion yuan, up by 1.9 percent; and those of private enterprises were 1.71 trillion yuan, up by 11.9 percent.

In terms of different sectors, the profits from mining were 524.6 billion yuan, up by 40.1 percent compared with the previous year; that of manufacturing was 5.70 trillion yuan, up by 8.7 percent; and that of the production and supply of electricity, heat power, gas and water was 414.1 billion yuan, up by 4.3 percent. In 2018, the profit rate of the principal activities of the industrial enterprises above designated size was 6.49 percent, 0.11 percentage points higher than that of 2017.

By the end of 2018, the installed power generation capacity was 1,899.67 million kilowatts, up by 6.5 percent from the end of 2017. Of this, the installed thermal power generation capacity was 1,143.67 million kilowatts, up by 3.0 percent; the installed hydropower generation capacity was 352.26 million kilowatts, up by 2.5 percent; and the installed nuclear power generation capacity was 44.66 million kilowatts, up by 24.7 percent. The installed grid-connected wind power generation capacity was 184.26 million kilowatts, up by 12.4 percent and the installed grid-connected solar power generation capacity was 174.63 million kilowatts, up by 33.9 percent.