In the first quarter, the added value of China's equipment manufacturing industry increased by 10.9% year-on-year.

CCTV News: Data shows that in the first quarter of this year, the value added of China's equipment manufacturing industry increased by 10.9% year-on-year, driving a 3.5 percentage point increase in overall industrial production. The output of nearly 70% of key products in the equipment industry saw growth, with a growth rate of 69.2%. Among them, the value added of the electronics, automotive, and electrical machinery and equipment industries achieved growth of over 10%. The high-end manufacturing industry is steadily advancing. In the first quarter, the value added of high-tech manufacturing increased by 9.7% year-on-year. Among them, the value added of industries such as fiber optic manufacturing, aerospace equipment manufacturing, and integrated circuit manufacturing all achieved growth of over 20%. Next, China will introduce new growth stabilization plans for three industries including machinery, automobiles, and power equipment to expand effective demand in all aspects. At the same time, efforts will be made to implement supply-demand matching and promote application actions to promote the stable and high-quality development of the equipment manufacturing industry. This article is reprinted from "CCTV News", edited by GMTEight: Jiang Yuanhua.