China’s value-added industrial output, an important economic indicator, went up 4 percent year on year in the first four months of this year, data from the National Bureau of Statistics.
The figures indicate continued growth activity in manufacturing, mining, and energy production in the country despite challenges faced domestically and globally. China has been on a series of lockdowns and movement restrictions after it imposed curbs to stem the spread of Covid-19. Major cities like Shanghai and Beijing have been subjected to harsh protocols that prevented many industries from operating. Tesla which has plants in Shanghai reeled on the back of those lockdowns which affected production and overall sales.
Despite the citywide tests and sporadic closures of businesses, China shows its resiliency with growth momentum recorded in the first 4 months of the year.
