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Industrial production in China 2019 - 2023 Q1

China's industrial production on rollercoaster ride since 2020

The course of China's industrial production from the year 2000 to 2022 is already published here. As growth rates of industrial production have recently changed more strongly, this article follows their quarterly and monthly course.

Update May 22nd, 2023 - The diagram shows the growth rates since April 2022. They move in a range from -2.9% to +6.3%. These are rates adjusted for prices, i.e. real growth rates and declines.

From January to April 2023 industrial production grew by 3.6% compared to the same period of previous year according to the National Statistical Office of China.

China's industrial production from 2022 to 2023.
Source: National Stataistical Office of China, Industrial Production Operation, 2023-05-17.

China's industrial production on rollercoaster ride since 2020

The diagram shows the quarterly index changes of China's industrial production since the first quarter 2019 up to the first quarter 2023.

China's quarterly industrial production from 2019 to 2023.

The outbreak of the Corona pandemic in China led to strict lockdowns also at industrial plants, as well as production delays due to control measures.

Once the pandemic was largely overcome, industrial production skyrocketed. The pent-up domestic Chinese demand had to be met. And demand from still pandemic-stricken foreign countries was high.

The first quarter of 2022 indicated a normalization of industrial production at a higher level than before the outbreak of the pandemic. In the first quarter of 2023 industrial production grew again clearly.

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