National Bureau of Statistics: Industrial production grows rapidly, with the equipment manufacturing industry and high-tech manufacturing industry showing good momentum.

In August, the year-on-year growth rate of industrial value added above designated size in the country was 5.2%, an increase of 0.37% from the previous month. Looking at it by three major categories, the value added of mining industry increased by 5.1% year-on-year, manufacturing industry grew by 5.7%, and the electricity, heat, gas, and water production and supply industry grew by 2.4%. The value added of equipment manufacturing industry increased by 8.1% year-on-year, high-tech manufacturing industry grew by 9.3%, respectively faster than the total industrial value added by 2.9 and 4.1 percentage points. Looking at it by economic types, state-owned holding enterprises increased by 4.7% year-on-year; joint-stock enterprises grew by 6.0%, foreign-funded enterprises from Hong Kong, Macao, and Taiwan grew by 2.3%; private enterprises increased by 4.6%. In terms of products, the output of 3D printing equipment, new energy vehicles, industrial robots and other products increased by 40.4%, 22.7%, and 14.4% respectively year-on-year. From January to August, the year-on-year growth rate of industrial value added above designated size in the country was 6.2%. In August, the purchasing managers' index for manufacturing industry was 49.4%, an increase of 0.1 percentage point from the previous month; the business activity expectations index for enterprises was 53.7%, an increase of 1.1 percentage points. From January to July, the total profit of industrial enterprises above designated size in the country reached 4.0204 trillion yuan, a year-on-year decrease of 1.7%.