China's electronic information manufacturing sees revenue growth in Jan-July

2019-09-13
Xinhua

BEIJING — Revenue of China's electronic information manufacturing industry continues to grow despite a slower pace, according to the Ministry of Industry and Information Technology (MIIT).

In the first seven months, revenue of the sector expanded 5.7 percent year-on-year, 2.9 percentage points slower compared with a year ago, MIIT data showed.

Profits in the sector sank 6.3 percent as the operating costs rose 5.7 percent year-on-year during the period, according to the MIIT.

Fixed asset investment of the industry grew 10.5 percent year-on-year, 6.5 percentage points slower from a year earlier, MIIT data showed.

In breakdown, profits of communications equipment manufacturers climbed 4.8 percent and that of computer manufacturers dropped 4.2 percent year-on-year in the first seven months this year, the ministry said.

MIIT data also showed China's mobile phone output shrank by 4.5 percent year-on-year in July.