China’s industrial capacity utilization rate reached 74.3% in the first quarter

Beijing 03 Shawwal 1444 AH corresponding to April 23, 2023
China’s industrial capacity utilization rate reached 74.3 percent in the first quarter of 2023, down 1.5 percentage points from the same period of the previous year.
Data from the National Statistics Authority of China – according to the Chinese agency (Xinhua) – showed that the country’s industrial capacity utilization rate decreased by 1.4 percentage points from the previous quarter, noting that the mining sector utilization rate reached 75.2 percent in the first quarter, a decrease of 1.8 points. percentage over the same period last year, while the rate of capacity utilization for the manufacturing sector was 74.5 percent, while the rate for the production and supply of electricity, heating, gas and water was 71.9 percent.