In 2023, the planned industrial added value increased by 4.6% year-on-year. Recently, the reporter learned from the Ministry of Industry and Information Technology that: In 2023, the annual industrial added value above designated size increased by 4.6%, 1 percentage point higher than that in 2022, of which the industrial added value above designated size of manufacturing industry increased by 5.0%, and the overall scale of China's manufacturing industry has remained the world's first for 14 consecutive years. Industrial production stabilized and accelerated. The overall production of key industries was good, and the average growth rate of the ten key industries exceeded 5%. The production of electrical machinery and equipment, automobiles and other industries achieved double-digit growth; the recovery of traditional industries such as steel, nonferrous metals and petrochemicals accelerated; and the electronics industry grew by 3.4 percent for the year. The industrial economy in most provinces recovered steadily. All regions attach great importance to the development of the manufacturing industry, and the industrial added value of most provinces has increased year-on-year, and the growth level of provinces has increased by nearly 20% compared with 2022.
Industrial investment grew steadily. Industrial fixed asset investment increased by 9% year on year, among which, the growth rate of manufacturing investment has accelerated since August 2023, and investment in automobiles, electrical machinery and equipment, chemicals, non-ferrous metals and other industries has achieved double-digit growth, and the industrial economy has sufficient momentum for sustainable development. Corporate performance has steadily recovered. As of the end of November 2023, the growth rate of operating income of industrial enterprises above designated size has rebounded for five consecutive months, and profits have achieved positive growth for four consecutive months, providing strong support for enterprises to expand innovation investment and reproduction. Market expectations are stable and positive. By the end of November 2023, the number of industrial enterprises above designated size had reached 483,000, an increase of 32,000 over the end of 2022, and the business entities continued to develop and grow. The expected index of production and operation activities of manufacturing enterprises has risen for three consecutive months since October 2023, and the development confidence of manufacturing enterprises has steadily recovered.
