Hebei Province industrial output grows 5.0% year-on-year in first eight months of 2024
On September 21, 2024, the Hebei Provincial Bureau of Statistics released economic data for January–August 2024. Industrial output above designated size grew 5.0% year-on-year, with manufacturing up 5.8%. Strategic emerging industries output surged 11.0%, outpacing overall growth by 6.0 percentage points. Fixed asset investment fell 1.8%, while retail sales rose 4.5%. High-tech investment grew 19.0%, and production of photoelectric devices and lithium-ion batteries saw rapid expansion.
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Hebei Province Economy Maintains Steady Growth in First Eight Months of 2024
According to data released by the Hebei Provincial Bureau of Statistics on September 21, 2024, the province's economy maintained an overall stable trend from January to August. Industrial production grew steadily, with the value-added of large-scale industries rising 5.0% year-on-year. Manufacturing led growth at 5.8%, while high-growth sectors included instrument manufacturing (49.3%) and pharmaceutical manufacturing (14.6%). Fixed asset investment fell 1.8%, but large projects (over 1 billion yuan) supported growth, and equipment investment surged 32.1% due to renewal policies. Consumer spending expanded, with retail sales of above-designated-size units up 4.5%, driven by trade-in programs for home appliances and communication equipment. New growth drivers accelerated: strategic emerging industries output rose 11.0%, high-tech industry output increased 7.0%, and high-tech investment grew 19.0%. Production of new products like photoelectric devices (81.3%) and lithium-ion batteries (79.2%) saw rapid expansion.
Hebei Province's Strategic Emerging Industries Output Grows 11.0% in First Eight Months
According to data released by the Hebei Provincial Bureau of Statistics and reported by financial news outlet Cailianshe on September 21, the added value of industrial enterprises above a designated size in Hebei Province grew by 5.0% year-on-year in the first eight months of 2024. Breaking down the three major sectors, the mining industry saw a 2.5% increase, manufacturing grew by 5.8%, and the production and supply of electricity, heat, gas, and water rose by 2.6%. Notably, the added value of strategic emerging industries in the province's above-scale industrial sector surged by 11.0% during the January-August period, outpacing the overall industrial growth rate by 6.0 percentage points. This data highlights the strong performance of high-tech and new economy sectors within Hebei's industrial landscape.
Read sourceHebei Province's Industrial Output Above Designated Size Grows 5.0% Year-on-Year in January-August
According to data released by the Hebei Provincial Bureau of Statistics on September 21, the added value of industrial enterprises above the designated size in Hebei Province increased by 5.0% year-on-year from January to August. By sector, mining output grew 2.5%, manufacturing rose 5.8%, and production and supply of electricity, heat, gas, and water increased 2.6%. By ownership, state-controlled enterprises saw a 0.6% rise,股份制 enterprises grew 4.8%, foreign and Hong Kong/Macau/Taiwan-invested enterprises surged 9.5%, and private enterprises increased 7.4%. By enterprise size, large enterprises grew 4.5%, medium enterprises 3.6%, and small enterprises 7.1%. Among 40 major industrial sectors, 28 achieved growth, a 70.0% growth rate. Notable sectors included instrument manufacturing (49.3% increase), non-ferrous metal mining (22.8%), pharmaceutical manufacturing (14.6%), railway, ship, aerospace and other transport equipment manufacturing (10.5%), and automobile manufacturing (8.7%).
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Hebei Province's Industrial Output Grows 5.0% Year-on-Year in First Eight Months of 2024
According to data released by the Hebei Provincial Bureau of Statistics and reported by Blue Whale Finance on September 21, the value-added output of industries above a designated size in Hebei Province grew by 5.0% year-on-year in the first eight months of 2024. By sector, mining output increased by 2.5%, manufacturing by 5.8%, and utilities (electricity, heat, gas, and water production and supply) by 2.6%. By ownership, state-controlled enterprises grew 0.6%, joint-stock companies 4.8%, foreign and Hong Kong/Macau/Taiwan-invested enterprises 9.5%, and private enterprises 7.4%. By enterprise size, large enterprises grew 4.5%, medium enterprises 3.6%, and small enterprises 7.1%. Among 40 major industrial sectors, 28 achieved growth, a 70.0% growth rate. Notable high-growth sectors included instrument manufacturing (49.3%), non-ferrous metal mining (22.8%), pharmaceutical manufacturing (14.6%), railway, ship, aerospace and other transport equipment manufacturing (10.5%), and automobile manufacturing (8.7%).
Read sourceHebei Province's Industrial Output Grows 5.0% Year-on-Year in First Eight Months
According to data released by the Hebei Provincial Bureau of Statistics on September 21, the province's industrial output value above a designated size increased by 5.0% year-on-year in the first eight months of the year. By sector, mining output rose 2.5%, manufacturing grew 5.8%, and utilities (electricity, heat, gas, and water) increased by 2.6%. By ownership, state-controlled enterprises saw a 0.6% rise, joint-stock companies grew 4.8%, foreign-invested and Hong Kong/Macau/Taiwan-invested enterprises surged 9.5%, and private enterprises increased by 7.4%. By enterprise size, large firms grew 4.5%, medium firms 3.6%, and small firms 7.1%. Among 40 major industrial categories, 28 achieved growth, a 70% growth rate. Notable high-growth sectors included instrument manufacturing (49.3%), non-ferrous metal mining (22.8%), pharmaceutical manufacturing (14.6%), railway, ship, aerospace and other transport equipment manufacturing (10.5%), and automobile manufacturing (8.7%).
Hebei Province's Strategic Emerging Industry Value-Added Up 11.0% in Jan-Aug
According to data released by the Hebei Provincial Bureau of Statistics on September 21, the value-added of strategic emerging industries above a designated size in Hebei Province grew by 11.0% during the first eight months of the year. This growth rate was 6.0 percentage points faster than the overall growth rate of industrial enterprises above the designated size in the province. The report, sourced from People's Financial Information and republished by stockstar securities news, highlights the strong performance of Hebei's high-tech and new economy sectors relative to traditional industry.
Read sourceHebei Province's Industrial Output Grows 5.0% Year-on-Year in First Eight Months of 2024
According to data released by the Hebei Provincial Bureau of Statistics on September 21, the province's industrial output above a designated size grew by 5.0% year-on-year in the January-August period of 2024. The growth was driven by the manufacturing sector, which expanded by 5.8%, while the mining sector grew by 2.5% and the utilities sector (electricity, heat, gas, and water production and supply) increased by 2.6%. The data, reported by People's Financial Information and republished by stockstar_securities_news, provides a snapshot of Hebei's industrial performance in the first eight months of the year.
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