China's manufacturing sector reports 1.3 pct sales revenue growth in October

08/11/2024 09:48
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KPL Chinese companies in the manufacturing industry reported a 1.3 percent growth in sales revenues in October, up 2.2 percentage points compared to the previous month, the latest official data showed.

（Xinhua/KPL​) Chinese companies in the manufacturing industry reported a 1.3 percent growth in sales revenues in October, up 2.2 percentage points compared to the previous month, the latest official data showed.

In particular, high-tech and equipment manufacturing companies saw sales revenues grow 8.9 percent and 5.1 percent, respectively, leading the manufacturing sector's overall sales growth last month, according to data released by the State Taxation Administration on Thursday.

The data shows improving market confidence and growth momentum amid the government's policies to vitalize economic growth in the world's second-largest economy.

Sales revenues of Chinese firms in general have been rising more rapidly, with the growth rate in October up by 1.3 percentage points compared to the previous month.

KPL

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