Machinery / Industrial Parts & Tools

On the 17th, official data showed that China’s industrial output in April increased by 9.8% year-on-year, down from 14.1% in March.

The increase in production in April was supported by growth in retail sales and export sales.

The industrial output of the chemical raw materials and manufactured goods manufacturing industry increased by 8.7% year-on-year in April, down from 11.9% in March.

China's retail sales increased by 17.7% year-on-year, and RMB exports increased by 22.2%.

In the first four months of 2021, as the world's second largest economy, China's industrial output increased by 20.3% year-on-year, while exports denominated in yuan increased by 33.8% during the same period.

The National Bureau of Statistics said: “We must be aware that the global epidemic situation is still complicated and the world economic recovery is uneven. The foundation for domestic economic recovery is not yet solid, and new situations and problems have emerged in the course of development.”

In the first quarter of this year, China's economy grew by 18.3% at a record rate.