Lower auto production impacts China’s value-added industrial output in July

In July this year, China's overall value-added industrial output increased by 4.8 percent year on year, with this growth rate 1.5 percentage points lower compared to that recorded in June this year, as announced by China's National Bureau of Statistics (NBS). A year-on-year decline of 4.4 percent was recorded in value-added industrial output in the automotive sector, while other major sectors posted increases. Value-added industrial outputs in the ferrous metal smelting and rolling sector went up by 10.0 percent, the railway, shipping, aerospace and other transportation equipment manufacturing sector posted 15.7 percent growth, while the value-added industrial output of the electrical equipment and machinery sector grew by 7.6 percent. In July this year, of the 41 industrial sectors in China, 36 witnessed year-on-year increases in value-added industrial output.