China Reports Industrial and Information Sector Expansion for First Three Quarters

Xinhua News Agency reported that China's value-added industrial output across enterprises above designated size grew by 5.3% year-on-year in the first three quarters of 2026, with industry contributing around 35% to economic growth, according to officials from the Ministry of Industry and Information Technology. Ministry of Industry and Information Technology chief engineer Wang Weiming stated that the industrial and information technology system has coordinated growth, innovation, transformation, and business environment improvements, achieving positive outcomes in high-quality development while addressing risks. Across designated high-tech manufacturing, value-added output increased by 14.3% year-on-year in the first three quarters, while mechanical and electrical products and high-tech products denominated in Renminbi rose by 3.8 and 4.9 percentage points respectively in their share of total export value compared to the same period last year. Equipment manufacturing value-added output expanded by 7.1% year-on-year during the first three quarters, contributing 26.6% to industrial growth, with outputs of industrial robots, computer numerical control machine tools, and new energy vehicles rising by 29.1%, 13.5%, and 11% respectively, alongside a 50.7% increase in national shipbuilding completions.