The textile industry grew by 24.4%, the food industry grew by 21.4%, and the pharmaceutical industry grew by 21.3%. Thanks to the increasingly “domestic demand†motor, the province’s light industry achieved a total value of 174.286 billion yuan in the first 7 months, an increase of 20.1% year-on-year. %, maintain strong growth.
The textile and pharmaceutical industries have turned against the trend and have become the industry with very few growth rates under the downward pressure. In order to overcome the negative impact of weakening external demand and excessive domestic and foreign cotton price differences, the province’s textile industry’s main products such as yarn, cloth and chemical fiber all achieved a year-on-year increase of more than 20%. According to the Provincial Economy and Information Commission, domestic demand for the textile industry is gradually increasing. From January to July, the output value of domestic textile enterprises above designated size in our province was 110.04 billion yuan, a year-on-year increase of 28.4%, and the domestic sales ratio reached 89.76%. It is expected that the domestic sales of textile and apparel in our province will continue to maintain a growth rate of 5% to 10% in the second half of the year. In the future, the development of the market, especially the rural market, will become the driving force for the steady growth of the textile industry.
Compared with the same period of last year, the pharmaceutical industry from January to July is also a big "winner." Although the total amount is not very large, the growth rate of value added has accelerated by 4.6 percentage points over the same period of last year. In the first half of the year, the province's pharmaceutical industry above designated size achieved sales value of 29.792 billion yuan, an increase of 27% year-on-year, and the pharmaceutical industry's production and sales rate was 95.62%, an increase of 2.28 percentage points year-on-year, reaching the industry's highest level in recent years. Profits of pharmaceutical enterprises above designated size have also achieved significant growth of more than 30%.
The food industry, which is also the main brand of “domestic demandâ€, has continued its rapid expansion on the high base of the past few years. The added value of RMB 71.1 billion has exceeded the automobile industry, which accounts for 13.8% of the province’s industry. In the first 7 months, the fastest growing agricultural and non-staple food processing industry reached 22.3%, and the beverage manufacturing industry also increased by 21.5%.
Driven by the food, textile, and pharmaceutical industries, the consumer goods industry grew by 21.1%, much faster than the raw materials industry (14.9%) and equipment manufacturing (10.9%), and its contribution to industrial growth has risen to 40.3%.
It is worth mentioning that, from the perspective of investment, investment in food manufacturing increased by 60.1% in the first seven months and investment in pharmaceutical manufacturing increased by 59.5%, both exceeding the growth rate of industrial investment by 37.2%. This means that food, pharmaceutical and other industries will usher in a broader rise in the future.
The textile and pharmaceutical industries have turned against the trend and have become the industry with very few growth rates under the downward pressure. In order to overcome the negative impact of weakening external demand and excessive domestic and foreign cotton price differences, the province’s textile industry’s main products such as yarn, cloth and chemical fiber all achieved a year-on-year increase of more than 20%. According to the Provincial Economy and Information Commission, domestic demand for the textile industry is gradually increasing. From January to July, the output value of domestic textile enterprises above designated size in our province was 110.04 billion yuan, a year-on-year increase of 28.4%, and the domestic sales ratio reached 89.76%. It is expected that the domestic sales of textile and apparel in our province will continue to maintain a growth rate of 5% to 10% in the second half of the year. In the future, the development of the market, especially the rural market, will become the driving force for the steady growth of the textile industry.
Compared with the same period of last year, the pharmaceutical industry from January to July is also a big "winner." Although the total amount is not very large, the growth rate of value added has accelerated by 4.6 percentage points over the same period of last year. In the first half of the year, the province's pharmaceutical industry above designated size achieved sales value of 29.792 billion yuan, an increase of 27% year-on-year, and the pharmaceutical industry's production and sales rate was 95.62%, an increase of 2.28 percentage points year-on-year, reaching the industry's highest level in recent years. Profits of pharmaceutical enterprises above designated size have also achieved significant growth of more than 30%.
The food industry, which is also the main brand of “domestic demandâ€, has continued its rapid expansion on the high base of the past few years. The added value of RMB 71.1 billion has exceeded the automobile industry, which accounts for 13.8% of the province’s industry. In the first 7 months, the fastest growing agricultural and non-staple food processing industry reached 22.3%, and the beverage manufacturing industry also increased by 21.5%.
Driven by the food, textile, and pharmaceutical industries, the consumer goods industry grew by 21.1%, much faster than the raw materials industry (14.9%) and equipment manufacturing (10.9%), and its contribution to industrial growth has risen to 40.3%.
It is worth mentioning that, from the perspective of investment, investment in food manufacturing increased by 60.1% in the first seven months and investment in pharmaceutical manufacturing increased by 59.5%, both exceeding the growth rate of industrial investment by 37.2%. This means that food, pharmaceutical and other industries will usher in a broader rise in the future.
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