Revenue of 5.88 trillion yuan, export growth accelerated to 5.4 percent, sector profits soared 108 percent

As reported by CCTV+, China’s electronic information industry maintained rapid growth in the first four months of the year. Both production and exports showed steady momentum.

From January to April, the value-added output of major electronic information manufacturers rose 14 percent year on year. That is 8.4 percentage points higher than overall industrial growth. The sector generated operating revenue of 5.88 trillion yuan — about 870 billion US dollars. That is 15.7 percent more than a year ago.

Production of key products also grew steadily. Over the four months, 390 million smartphones were produced, 6.5 percent more than last year.

Exports are also picking up speed. The value of the sector’s export deliveries increased by 5.4 percent — 1.2 percentage points higher than in the first quarter.

Fixed-asset investment by major electronics manufacturers rose 5.4 percent. This figure was unchanged from the first quarter, but it is 2.9 percentage points higher than the overall growth in industrial investment.

The numbers are impressive, but they are not the point. China’s electronics industry has long ceased to be just the “world’s assembly line”. Today, it is a driver of innovation. 390 million smartphones are not just gadgets. They are data, connectivity and access to the global economy. Exports are growing faster than at the beginning of the year. This means the world continues to buy Chinese electronics, despite geopolitical storms. And local investment is boosting domestic demand. The question is not whether China can maintain this pace. It can. The question is when other countries will stop depending on these supplies. Or start producing just as well. For now — neither is happening. Only the numbers. And they are growing.