China's industrial production increased by 7.3 percent year-on-year in December 2020, the most since March of 2019, and beating market expectations of a 6.9 percent rise, as activity continued to recover from the COVID-19 shock. Production grew for mining (4.9 percent vs 2.0 percent in November), utilities (6.1 percent vs 5.4 percent) and manufacturing (7.7 percent, the same as in November). Among major industries, production expanded for chemicals (7.5 percent vs 9.2 percent), computers and communication (11.4 percent vs 9.3 percent), electrical machinery (15.6 percent vs 18 percent), general equipment (11.1 percent vs 10.2 percent), ferrous metals (10.7 percent vs 9.6 percent), non-metal minerals (7.5 percent vs 9.6 percent), power equipment (5.4 percent vs 5.1 percent), and textiles (5.2 percent vs 6.5 percent). For 2020 full year, industrial output rose by 2.8 percent. source: National Bureau of Statistics of China
Industrial Production in China averaged 11.61 percent from 1990 until 2020, reaching an all time high of 29.40 percent in August of 1994 and a record low of -21.10 percent in January of 1990. This page provides - China Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. China Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on March of 2021.
Industrial Production in China is expected to be 6.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in China to stand at 5.00 in 12 months time. In the long-term, the China Industrial Production is projected to trend around 5.00 percent in 2022, according to our econometric models.