On February 6, the Ministry of Industry and Information Technology revealed that in 2024, the added value of China's above-scale electronic information manufacturing industry surged by 11.8% year-on-year. This growth rate exceeded that of both the industrial sector and the high-tech manufacturing industry by 6 and 2.9 percentage points, respectively, during the same period. In December alone, the industry's added value grew by 8.7% compared to the previous year.
Among the key products, mobile phone production totaled 1.67 billion units, and smartphone production reached 1.25 billion units, both marking year-on-year increases. The overall performance of the industry has demonstrated stabilization and improvement, with both operating income and total profit showing an upward trend. Notably, investment growth was also significant, with fixed asset investment increasing by 12% year-on-year.
