{"id":638,"date":"2024-10-18T10:21:25","date_gmt":"2024-10-18T10:21:25","guid":{"rendered":"https:\/\/otetmarkets.com\/blog\/?p=638"},"modified":"2024-10-18T10:21:26","modified_gmt":"2024-10-18T10:21:26","slug":"china-industrial-production","status":"publish","type":"post","link":"https:\/\/otetmarkets.com\/blog\/news\/china-industrial-production\/","title":{"rendered":"China Industrial Production"},"content":{"rendered":"\n<p>China&#8217;s industrial production grew by 5.4% year-on-year in September 2024, exceeding the 4.6% forecast and up from August\u2019s 4.5%, which marked a five-month low. This acceleration is a clear sign of the government\u2019s efforts to revive economic activity. The growth represents the fastest expansion since May, with the manufacturing and utilities sectors leading the way.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Key Sectors Drive Industrial Expansion<\/strong><\/h2>\n\n\n\n<p>Manufacturing output rose by 5.2%, up from 4.3% in August, showcasing the resilience of China&#8217;s industrial base. In particular, the electricity, heat, gas, and water production sectors saw a surge of 10.1%, reflecting increased demand for energy. Mining growth remained stable at 3.7%, indicating a steady performance in this sector.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Sector Performance Breakdown<\/strong><\/h3>\n\n\n\n<p>Out of 41 major sectors, 36 recorded positive growth. Notable gains were seen in railway, ship, and aviation (13.7%), computer and communication (10.6%), and non-ferrous metal smelting (8.8%). However, the non-metallic mineral products sector experienced a 3.8% decline, highlighting areas where demand remains weak amid broader industrial expansion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>China&#8217;s industrial production grew by 5.4% year-on-year in September 2024, exceeding the 4.6% forecast and up from August\u2019s 4.5%, which marked a five-month low. This acceleration is a clear sign of the government\u2019s efforts to revive economic activity. The growth represents the fastest expansion since May, with the manufacturing and utilities sectors leading the way. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":635,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,2],"tags":[37,27],"class_list":["post-638","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-economy-news","category-news","tag-financialnews","tag-marketanalysis"],"_links":{"self":[{"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/638","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/comments?post=638"}],"version-history":[{"count":1,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/638\/revisions"}],"predecessor-version":[{"id":639,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/638\/revisions\/639"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/media\/635"}],"wp:attachment":[{"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/media?parent=638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}