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In 2012-2021 average annual growth of industrial production in China amounted to 6.3%

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The growth rate of the indicator was significantly higher than the global average, which amounted to approximately 2% over this period

In 2012-2021 average annual growth of industrial production in China amounted to 6.3%

From 2012 to 2021, China's industrial value-added grew by an annual average of 6.3% amid a significant strengthening of the country's manufacturing industry, Xin Guobin, Vice Minister of Industry and Informatization, said at a press conference on Tuesday.

According to him, the value added in China's industry has grown from 20.9 trillion yuan (about 3.1 trillion US dollars) in 2012 to 37.3 trillion yuan in 2021.

The growth rate of the indicator was significantly higher than the global average, which amounted to about 2% over this period, Xin Guobin noted.

According to the Deputy Minister, despite the COVID-19 epidemic, the average growth rate of industrial production in China in 2020 and 2021 reached 6.1%, which played an important role in stabilizing global production and supply chains, as well as contributing to the recovery of the global economy.

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