China's high-end manufacturing sector shows rapid growth: CAPC

A-share-listed manufacturing companies with a market value of over 10 billion yuan (around $1.4 billion) sharply rose from 338 at the end of 2017 to 664 on December 10, 2022, according to the CAPC report.

Moreover, the number of listed companies in the high-end manufacturing sector touched 2,121, which represents 65 per cent of listed manufacturing companies; this is a 69.7 per cent increase from 1,250 in 2017, said local media reports.

Owing to renewed overseas market expansion and promotion of import substitution, the profit level of A-share listed high-end manufacturing companies rose by 46 per cent year-on-year after facing a dip in 2018.

ALCHEMPro News Desk (NB)