Steady growth of China’s electronic information manufacturing sector in the first half of this year

BEIJING, Aug. 7, 2022 (Xinhua) Data from the Ministry of Industry and Information Technology of China showed that the country’s electronic information industry maintained a stable expansion in the first half of this year.

The added value of major electronic information manufacturers rose 10.2 percent year on year during the period, the ministry said.

In June alone, electronic information manufacturers posted a rapid 11 percent increase in value added, 3.7 percentage points higher than in May.

The operating revenue of these companies expanded 7.7 percent from a year ago to 7.02 trillion yuan (about 1.04 trillion US dollars) in the first six months of this year.

The data showed that profits of the listed companies amounted to 323.4 billion yuan in the January-June period, down 6.6 percent year on year.

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