China's Economy: Industrial and communications sectors maintained stable development in H1
Updated 09:32, 28-Jul-2018
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China's industrial and communications sectors enjoyed a solid first half of the year.
The Ministry of Industry and Information Technology says the national industrial added value above scale grew by 6.7 percent year on year.
The industrial capacity utilization rate stood at around 77-percent, slightly higher than the year before.
Products adapting to consumption and industrial upgrading saw rapid growth.
Production volume of new energy vehicles, integrated circuitry, and industrial robots increased over 88 percent, 15 percent, and nearly 24 percent, respectively. In ICT sectors, the total volume of telecommunications services increased by 133 percent and internet related services registered over 23 percent revenue growth.
All three basic telecom operators cut roaming charges from their domestic data plans starting July first.
Meanwhile, the ministry also pointed out that there is not enough solid momentum for continued economic growth.  
HUANG LIBIN, SPOKESMAN MINISTRY OF INDUSTRY AND INFORMATION TECHNOLOGY "China's manufacturing sector in general is still on the mid-to-low end in the industrial and value chains. Key technology and equipment have not come to a fundamental solution. Mid-to-long term imbalance and insufficiency in development were intertwined with short-term economic difficulties. There is not enough solid momentum for continued economic growth and there are still problems and challenges at deep structural levels that impede stable industrial operation."