China, manufacturing industry represents half of the capitalization of the stock market

29/10/2018

 

Manufactured producers quoted on the stock exchange have seen a combined market value of 24.08 billion yuan

 

The commitment that the Chinese government is putting into the development and growth of innovation and the real economy, continues to give excellent results. The Chinese public manufacturing companies, in fact, have increased their importance in the economy of the country, coming to represent almost half of the capitalization of the stock market.

According to the data, in fact, the manufacturers quoted on the stock exchange have seen a combined market value of 24.08 billion yuan ($ 3.47 trillion), equal to 43.78% of the A-share market. To underline the importance of this reality, just think that of the 3,527 Chinese companies listed on the stock exchange, almost two thirds are operating in the manufacturing sector.

 

The manufacturing sector recorded solid growth in the first nine months of the year

 

The report published by the Research Institute of the Mechanical Industry and Economic Management and by the Suzhou City Government in East China confirms that the manufacturing sector remains an important pillar of the national economy.

An important role was played by the Chinese authorities, who have stepped up their efforts to support the real economy, with measures ranging from tax breaks to simpler funding channels.

The manufacturing sector, on the other hand, recorded solid growth in the first nine months of the year, with higher profits, recovery of private investments and solid production of high technology and equipment, as confirmed by the widespread official data.

 

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