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China’s high-tech, equipment manufacturing sectors see robust growth in Q1Press release content from PR Newswire. The AP news staff was not involved inits creation.BEIJING, April 21, 2021 /PRNewswire/ — This is part of a transcript, fromChina SCIO, of the press conference held on Tuesday about the development ofChina’s industry and information technology in the first quarter of 2021:China’s high-tech and equipment manufacturing sectors posted rapid growth inthe first quarter of 2021, up 31.2% and 39.9% year on year respectively, bothhigher than the overall growth of the manufacturing sector, according to apress conference held by the State Council Information Office on April 20.Huang Libin, spokesperson of the Ministry of Industry and InformationTechnology (MIIT) and director general of the MIIT’s Performance Inspectionand Coordination Bureau, made the following remarks at the press conference.New industries and new products maintained strong momentum of growth in thefirst quarter (Q1).In Q1, the value-added output of high-tech and equipment manufacturingindustries above the designated size expanded 31.2% and 39.9% year on yearrespectively, with a two-year average annual growth of 12.3% and 9.7%respectively, both higher than the overall growth of the manufacturing sector.Investment in the high-tech manufacturing sector increased by 41.6% year onyear, with a two-year average annual growth of 10.7%, a notably higher ratethan the manufacturing sector as a whole.The output of smart low-carbon products grew rapidly, as the output of newenergy vehicles and industrial robots increased by 310% and 110% year on yearrespectively in Q1.China’s high-tech, equipment manufacturing sectors see robust growth in Q1http://english.scio.gov.cn/pressroom/2021-04/21/content_77426909.htmView original content to download multimedia: http://www.prnewswire.com/news-releases/chinas-high-tech-equipment-manufacturing-sectors-see-robust-growth-in-q1-301274472.htmlSOURCE China SCIO