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Investment in China's electronic information manufacturing up 9.3 pct in 2023

A staff member works at the smartphone production and quality control workshop of Chongqing Transsion Technology Co., Ltd. in Yubei District of southwest China's Chongqing. Photo by Xinhua/Wang Quanchao.
A staff member works at the smartphone production and quality control workshop of Chongqing Transsion Technology Co., Ltd. in Yubei District of southwest China's Chongqing. Photo by Xinhua/Wang Quanchao.

Fixed-asset investment in China's electronic information manufacturing industry rose 9.3 percent year on year in 2023 amid the sector's recovery, official data showed.

This was reported by The Xinhua News Agency.

The Ministry of Industry and Information Technology said the expansion was 0.3 percentage points higher than that for China's overall industry.

Last year, the industrial added value of major companies in this sector went up 3.4 percent yearly. In December alone, the figure climbed 9.6 percent from the same period of 2022, said the ministry.

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Among major products, the output of mobile phones rose 6.9 percent year on year to 1.57 billion units, within which the number of smartphones went up 1.9 percent year on year to 1.14 billion, the data revealed.

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