Source:
2020-12-18 14:56
During the 13th Five-Year Plan period (2016-2020), China has given strong impetus to supply-side structural reforms and accelerated the establishment of a new modern industrial system that features a great capacity for innovation, excellence in product quality and service, and synergistic coordination, and is friendly to the environment.
From 2016 to 2019, China’s industrial added value increased from 24.54 trillion yuan to 31.71 trillion yuan, registering an average annual growth of 5.9 percent, much higher than the world’s 2.9 percent during the same period, said Xin Guobin, vice minister of the Ministry of Industry and Information Technology (MIIT).
In 2019, the country’s value-added in manufacturing accounted for 28.1 percent of the world’s total, and the country remained the world’s largest manufacturer for 10 consecutive years, Xin added.