China’s industrial capacity utilization rate was 74.3 per cent in the first quarter of 2023, down 1.5 percentage points from the same period a year earlier.
China’s National Statistical Authority data showed that the country’s industrial capacity utilization rate was 1.4 percentage points lower than the previous quarter.
Official reports indicated that the mining sector’s utilization rate was 75.2 per cent in the first quarter, a decrease of 1.8 percentage points from the same period last year.
The manufacturing sector’s capacity utilization rate was 74.5 per cent, while the electricity, heating, gas and water production and supply rate was 71.9 per cent.
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