The latest data from the National Bureau of Statistics reveals that China's industrial output, measured by the value added in industrial enterprises above designated size, has experienced an impressive year-on-year growth of 6.7% in AprilThis surge marks a substantial acceleration of 2.2 percentage points compared to the previous month, indicating a robust trend in industrial productionExperts attribute this rapid growth to a combination of supportive macroeconomic policies and an upswing in market demandHowever, caution is warranted as external economic conditions remain increasingly complex and challenging.

One of the crucial elements behind this dynamic industrial performance is the effective execution of macro policies aimed at stabilizing growth, boosting momentum, and mitigating risksThe rapid increase of 0.97% in industrial added value sequentially from March to April positions this month as the pinnacle of monthly growth rates observed in recent yearsAccording to Zhu Keli, a prominent figure in the China Information Association and founder of the National Research Institute for New Economy, this record monthly growth highlights a robust recovery in industrial production activities, spurred by sustained macroeconomic policiesInnovations by enterprises and the burgeoning market demand also played significant roles in this recovery.

Moreover, a focus on industrial investment has yielded positive resultsGuo Bing, Director of the Industrial Economics Research Institute of CCID Consulting, indicated that since the beginning of the year, the government has actively implemented macro policies that promote stable growth as well as encourage investmentThe accelerated deployment of large-scale equipment upgrading policies has energized industrial investmentsFor example, the investment into technological renovations within the manufacturing sector surged by 8.5% year-on-year in the first four months of the year, while high-tech industries saw an investment spike of 11.1%. Such development in equipment acquisitions also bolstered the industrial economy to withstand potential headwinds.

Guo further elaborated on the increasing capabilities of new productive forces driving this industrial inflation

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The high-end transformations are gaining momentum, which is evident in the significant year-on-year growth of 9.9% and 11.3%, respectively, in the value added of equipment manufacturing and high-tech manufacturing in AprilFurthermore, the green transition is showing solid progress as the production of new energy vehicles, charging stations, and solar batteries soared by 39.2%, 12%, and 11.1%, respectivelyThis pivot towards eco-friendly technologies aligns with global aspirations for sustainable development.

The strength of the external demand is also a contributing factor to the industrial revival, with industrial exports seeing a commendable year-on-year uptick of 7.3% in AprilThis marks a significant acceleration of 5.9 and 6.6 percentage points compared to both the previous month and the same month last year respectivelyThis uplift has been beneficial for sectors like electronics and textiles, leading to a noticeable recovery trend in these industriesThe overall manufacturing investment maintained a steady growth, increasing by 9.7% year-on-year in the initial four months, with even more pronounced growth in segments such as equipment manufacturing and consumer goods.

Zhu Keli asserts that the recovery trajectory of the industrial economy is primarily a synergistic outcome of continued macro policies and rapid export growthThe implementation of precise fiscal measures and a robust monetary policy not only restore corporate investment confidence but also invigorate market dynamics, contributing to the swift advancement of industrial productionFurthermore, as the global economy gradually emerges from its downturn, the favorable conditions within the export market have provided additional external support for the industrial economy's rebound.

In terms of new momentum, the indicators for April are particularly encouragingOf the 41 major industrial categories, 36 experienced a year-on-year increase in value-added output, amounting to a broad growth spectrum of 87.8%. Moreover, 33 of these sectors displayed either an acceleration in growth or a deceleration in decline compared to the prior month, indicating a rebound in 80.5% of industries

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Among the 619 key industrial products monitored, 386 products reported a production increase compared to the previous year, which is a remarkable growth spectrum of 62.4%. Additionally, 363 products experienced an increase in production speed relative to March.

Examining the qualitative aspects, the performance of new momentum and advantages stood out in AprilHigh-tech manufacturing, which has showcased consistent growth for six months, increased its value added output with a margin of 4.6 percentage points over the overall industrial growth rateMoreover, the equipment manufacturing sector, termed the 'ballast stone' of the industry, maintained its significant contribution, consistently constituting more than 30% of the total industrial value added for 14 consecutive monthsIn April, this sector's value-added output rose by 9.9%, an acceleration of 3.9 percentage points compared to the previous month, accounting for a remarkable contribution rate of 48.7% toward the entire industrial increment.

As reported by Wang Xin, the chief statistician of the industrial department at the National Bureau of Statistics, the automation sector has made significant advances in its development, showing a quick production scale-upThe manufacturing output of sensitive materials and sensor production saw year-on-year increases of 34.2% and 25.2%, respectivelyIn addition, industries focused on smart technology such as drone and automotive smart devices also witnessed impressive growth rates of 39.9% and 39.7% in value added respectively.

A showcase of successful industrial application can be seen with the collaboration between Inspur Cloud and Shenyang Hanxi Machinery Equipment Co., where a smart transformation on 36 crushing machines has resulted in a 15% decrease in equipment failure rates and a 20% reduction in maintenance costsPang Songtao, Vice Chairman and General Manager of Inspur Cloud, emphasized that this transition aids companies in evolving from mere manufacturers of industrial equipment into providers of industrial digital services and infrastructure operators, amplifying the new momentum within the industrial economy.

Looking ahead, Guo anticipates that three pivotal factors are likely to continue propelling China’s industrial economy towards further stability and growth

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