A Number of Data Support China's Manufacturing Recovery

In August, China's foreign trade exports rose 11.6% to 1.65 trillion yuan. Behind the export growth is a rapid recovery in Chinese manufacturing.

Han Jianfei, director of the Industrial Development Research Office at the Industrial Economics Research Institute, a said China had taken the lead in getting back to work against the backdrop of the outbreak's severe impact on the supply chain of the global industrial chain. China's export growth rebounded sharply in August, reflecting the resilience of Chinese manufacturing as a "factory of the world".

At present, Chinese manufacturing is increasing the operation of horsepower. China's manufacturing purchasing managers' index (PMI) was 51.0% in August. Among them, the index of new orders was 52.0%, rebounding for the four consecutive months, indicating that demand for manufacturing continued to recover.

Data in the high-tech sector have also improved significantly. In July, the value added of the electronic information manufacturing industry above the scale increased by 11.8% YoY, up 5.7 percentage points YoY, while the value of export delivery in the electronic information manufacturing industry above the scale increased by 10.7% YoY, up 7.4 percentage points from the same period last year.

According to Wen Xiaojun, director of the Institute of Electronic Information Industry of the Saidi think tank, China's electronic information industry has a large number of small and medium-sized enterprises, such enterprises are still under greater cash flow pressure. As the industrial chain resumes production in concert, the demand suppressed by the outbreak will continue to be released.