China's electronic information manufacturing sector maintains steady expansion

BEIJING - China's electronic information manufacturing sector posted steady expansion in the first half of 2021, data from the Ministry of Industry and Information Technology (MIIT) shows.

The added value of electronic information manufacturers with annual operating revenues of at least 20 million yuan ($3.09 million) rose 19.8 percent year-on-year, with the compound annual growth rate reaching 12.5 percent over the past two years, according to the MIIT.

In June alone, the added value of those manufacturers grew 13.4 percent year-on-year, quickening by 0.8 percentage points from the growth during the same period in 2020, the data showed.

The export delivery value of major enterprises in the sector rose 17.6 percent year-on-year in the January-June period, while fixed-asset investment into the sector jumped 28.3 percent from a year ago.

MIIT data also shows that the operating revenue of major electronic information manufacturers went up 25.8 percent year-on-year to 5.11 trillion yuan in the first five months, while their combined profits in the period totaled 254.5 billion yuan, surging 49.3 percent year-on-year.

In June, China's smartphone output climbed 2.9 percent year-on-year to 140 million units, while the production of integrated circuits jumped 43.9 percent to 30.82 billion pieces.