New Drivers in Manufacturing Accelerate Leadership in April

[Market Dynamics] In April, China's equipment, high-tech, and digital product manufacturing sectors all accelerated significantly.

Core Trend: New Growth Drivers Account for Over 70% of Industrial Expansion

In April, the value-added output of large-scale equipment manufacturing grew by 8.3% year-on-year, contributing 74.5% to the overall growth of large-scale industrial enterprises. All eight sub-sectors posted growth, solidifying the foundation of industrial production.

Key Metrics: Double-Digit Surge in High-Tech and Digital Manufacturing

The value-added output of high-tech manufacturing surged by 12.8% year-on-year (an increase of 17.1 percentage points from last month), driven by explosive growth in 'AI+' fields such as memory chips and robotics. Digital product manufacturing rose by 12% year-on-year, reflecting deeper integration between the digital and real economies.

Industry Impact: Export Structure Improves, Equipment Dominates Nearly 75%

Export delivery value of large-scale industrial enterprises reached RMB 1.4 trillion, up 10.6% year-on-year, with equipment manufacturing accounting for 74.4%. Exports in automotive and aerospace sectors both recorded double-digit growth.