Latest News:  
Beijing   Sunny    10 / 24   City Forecast

Home>>China Business

China's electronics and IT sector continues to grow

(Xinhua)

14:37, October 06, 2011

BEIJING, Oct. 6 (Xinhua) -- China's electronics and information technology (IT) sector continued to expand in the first eight months of this year but companies faced growing pressure from higher costs and slower income, according to latest official data.

The value-added output of manufacturers in the sector rose 15.5 percent year-on-year in the Jan.-Aug. period and sales value increased 22.3 percent year-on-year, said the Ministry of Industry and Information Technology (MIIT).

During that period, exports of electronics and IT products climbed 15.5 percent year-on-year to 420.9 billion U.S. dollars, said the MIIT.

Meanwhile, 21.8 percent of the sector's companies were in the red in the Jan.-July period, with their combined losses surging 73.7 percent year-on-year, according to the MIIT.

The electronics and IT companies were facing increasing costs, said the ministry.

In July, the sector's revenues grew 18.3 percent year-on-year, down 5.5 percentage points from June, according to the statistics.

Email|Print|Comments(Editor:陈乐乐)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Traditional hand-made boots and hats with tiger images

  2. Asian and World Bodybuilding & Physique Sports Championships unveil results

  3. Afghans demand end to foreign troops in Kabul protest

  4. Fans mourn to Steve Jobs outside Apple Store in Chengdu

Most Popular

Opinions

  1. Q&A with Michigan Gov. Rick Snyder
  2. Will China be Europe's savior?
  3. Taiwan arms sales becomes US political spell
  4. Mutual trust needed for nations' common progress
  5. China's SMEs now stranded in credit crunch

What's happening in China

Centennial commemorations of 1911 Revolution: family and marriage change

  1. Inflation saps workers' real wages: report
  2. Senior's Day celebrated across China
  3. Death toll rises to 17 in coal mine accident
  4. China calls for boycott on online falsehoods
  5. Typhoon Nesat causes heavy damage in S. China

PD Online Data

  1. Challenge to the traditional view of love and marriage
  2. House means happiness? Young Chinese' home-owning dream
  3. Fighting AIDS,China is acting
  4. Worldwide Confusius Institutes
  5. Chinese Qingming Festival