Industrial firms with annual turnover over 20 million yuan (about US$ 3.1 million) in Anhui province posted a year-on-year increase of 9.7 percent in value-addded output in July, bringing the province to the 5th place in China, data from the local bureau of statistics showed.
Between January and July, the province’s major industrial enterprises saw a 16.2 percent increase.
The value-added output of the mining industry fell 3.1 percent last month, while that of the manufacturing industry and the power, heat, gas and water production and supply sector grew 9.9 percent and 19.1 percent, respectively.
28 out of the province’s 41 industries saw increases. The value added-output of the computer, communications and other electronic device manufacturing industry surged 30.5 percent from the same period a year ago, that of the automobile industry rose 19.4 percent and that of the pharmaceutical industry went up 30.0 percent.
New growth drivers played a major role in the province’s industrial growth. In July, high-tech industries posted a year-on-year increase of 16.5 percent in value-added output, contributing to 73 percent of the province’s industrial growth, and strategic emerging industries, with an increase of 25.9 percent, contributed to 53.6 percent of the provincial total.
Large and medium-sized industrial enterprises saw a 13.2 percent growth rate, 8 percentage points higher than small enterprises. Meanwhile, the value-added output of state-owned industrial firms was 2.3 percentage points higher than that of private enterprises.
Although the province’s industrial economy is running well, the recovery of small-sized and privately-owned industrial companies are relatively slow and the number of enterprises that have completely or partially suspended production is on the rise, according to the bureau.
Efforts should be made to help small and medium-sized enterprises and private companies in a bid to sustain and stabilize the province's industrial growth, the bureau said.