China’s road to digital transformation is quite different from other markets as the consumer internet is driving the development of industrial internet, according to a report co-released by the Boston Consulting Group (BCG), Alibaba, and Baidu. To a certain extent, Chinese consumers have led a highly digital daily life. 20% of households in first- and […]
manufacturing
China GDP overview for Q3 2018
The gross domestic product (GDP) of China was 65,089.9 billion yuan (US$9,368.51 bn) in the first three quarters of 2018, a year-on-year increase of 6.7% at comparable prices, according to the preliminary estimates of National Bureau of Statistics of China.
China GDP grew faster than expected in Q1 2017
The gross domestic product (GDP) of China was 18,068.3 billion yuan (US$2,626.81 billion) in the first quarter of 2017, a year-on-year increase of 6.9% at comparable prices according to the preliminary estimates of National Bureau of Statistics of China.
China’s spending on robotics will more than double to $59.4 bn in 2020
China’s spending on robotics will more than double to $59.4 billion in 2020 from $24.6 billion in 2016 (over half from manufacturing) according to IDC.
China Jan 2015 PMI Down 0.3 Percentage to 49.8%
In January 2015, China’s manufacturing purchasing managers index (PMI) was 49.8%, 0.3 percentage points lower over last month according to National Bureau of Statistics of China.
China’s Manufacturing Sector Continued to Maintain Expansion in Nov 2014
In November 2014, China’s manufacturing purchasing managers index (PMI) was 50.3%, 0.5 percentage points lower over last month according to National Bureau of Statistics China.
China GPD 7.3% in Q3 2014, Slowest in 5 Years
According to National Bureau of Statistics of China, the gross domestic product (GDP) of China in the first three quarters of 2014 was RMB 41,990.8 billion (USD 6,858.5 billion), a year-on-year increase of 7.4%.
China Producer Price Index (PPI) Decreased 1.8% YoY in September
In September 2014, China Producer Price Index (PPI) for manufactured goods decreased 1.8% year-on-year, and 0.4% month-on-month according to China National Bureau of Statistics.
HSBC PMI China Signaled Slightly Weaker Growth in Service Sector in September
Purchasing managers index (PMI) data, released by HSBC covering both manufacturing and services, signalled a further expansion of Chinese business activity in September 2014.
Alibaba B2B Transaction Reaching USD 50M per Day in 2013
Alibaba vice president revealed in public that Alibaba B2B platform 1688.com achieved daily transaction of 300 million yuan (USD 49.1 million) after a year’s transition to online wholesale transaction platform.
Study: China Manufacturing Competitiveness 2007-2008
The first annual study, “China Manufacturing Competitiveness 2007-2008,” found that while a stronger Chinese currency and rising wages were putting pressures on manufacturing margins, failures to deploy operational best practices and to fully leverage China as both a growth market and source of labor and products are also limiting profits. Download China’s Shifting Competitive Equation – […]