In July, the value added of industrial enterprises above designated size increased by 5.1 per cent year-on-year in real terms (all growth rates are adjusted for real prices). From a month-on-month point of view, in July, the industrial added value above designated size increased by 0.35% over the previous month. From January to July, the value added of industrial enterprises above designated size increased by 5.9% year-on-year.

The following data extracts the economic operation of the main downstream industries related to the rubber and bamboo tape industry from January to July 2024:

Figure 1 Year-on-year growth rate of industrial added value above designated size

By industry, in July, The coal mining and washing industry increased by 4.7%, the oil and gas mining industry increased by 5.7%, the ferrous metal smelting and rolling industry decreased by 15%, the general equipment manufacturing industry increased by 3.2%, the automobile manufacturing industry increased by 4.4%, the railway, ship, aerospace and other transportation equipment manufacturing industry increased by 12.7%, and the electricity and heat production and supply industry increased 3.2%.

By product, in July, 114.36 million tons of steel, down 4.0%; 153.68 million tons of cement, down 12.4%; 10 kinds of non-ferrous metals 6.56 million tons, an increase of 8.2%; The number of automobiles decreased by 2.4% to 2.297 million, of which 988,000 were new-energy vehicles, up by 27.8%; Electricity generation was 883.1 billion KWH, up 25%; Crude oil processing was 59.06 million tons, down 6.1%.