In the first three quarters of 2020, oversize industrial value added in Hainan Province, China fell 5.5% year-on-year, and the rate of decline was down 2.5 percentage points from the first half.
The output of the main industrial products continued to grow. In the first three quarters, the output of cellulose, refined methanol, feed, synthetic fiber monomer (PTA), synthetic fiber polymer (PET) and ready-mixed concrete increased by 1.8%, 8.0%, 1.6%, 3.1%. 6.6% and 3.2%, respectively, compared to the same period last year.
From January to August 2020, oversize industrial profits reached 7.661 billion yuan, an increase of 62.8% over the same period last year on the same basis, up 30.7 percentage points from January to May.
In the first three quarters, the added value of the construction industry increased by 4.5% over the same period last year. Compared to the first half of the year, the growth rate changed from negative to positive, and the growth rate accelerated by 9.3%, which is the main driver of the recovery in value added in the manufacturing industry.
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