Economic Watch: China’s manufacturing sector makes solid progress thanks to policy supports – China.org.cn

BEIJING, July 26 (Xinhua) — China’s manufacturing sector has demonstrated strong resilience and growth potential, with the government rolling out a raft of policies to stabilize the industrial chain, ease burdens on enterprises, and promote industrial transformation. In the first half of the year, the value-added output of China’s manufacturing sector accounted for 28.8 percent of the country’s GDP, up 1.4 percentage points from 2021, data from the Ministry of Industry and Information Technology (MIIT) shows. Manufacturing investment maintained a relatively high growth rate, climbing 10.4 percent year on year during the same period. In the second quarter alone, manufacturing…