politics

China's automobile manufacturing sector logs steady expansion in 2023

Font size+Author:Global Genesis news portalSource:business2024-05-20 08:53:09I want to comment(0)

(Xinhua) 10:09, February 14, 2024BEIJING, Feb. 13 (Xinhua) -- China's automobile manufacturing indus

(Xinhua) 10:09, February 14, 2024

BEIJING, Feb. 13 (Xinhua) -- China's automobile manufacturing industry registered robust growth in 2023, data from the China Association of Automobile Manufacturers showed.

Last year, the sector's industrial added value soared 13 percent year on year, 8 percentage points higher than that for China's overall manufacturing industry, according to the association.

The combined operating revenue of this sector came in at 10.1 trillion yuan (about 1.42 trillion U.S. dollars) in 2023, jumping 11.9 percent from the previous year.

The total profits of companies in the sector also rose 5.9 percent on a yearly basis to 508.63 billion yuan, the data revealed.

Related articles
  • Palestinians mark 76th anniversary of Nakba amid ongoing conflict with Israel

    Palestinians mark 76th anniversary of Nakba amid ongoing conflict with Israel

    2024-05-20 07:14

  • Conjoined twin's husband learns paternity test results after ex

    Conjoined twin's husband learns paternity test results after ex

    2024-05-20 06:50

  • Live video of man setting himself on fire outside court challenges news organizations

    Live video of man setting himself on fire outside court challenges news organizations

    2024-05-20 06:49

  • Prince Andrew enjoys horse

    Prince Andrew enjoys horse

    2024-05-20 06:25

Netizen comments