China’s industrial capacity utilisation rate came in at 74.3 percent in the first quarter (Q1) of 2023, down 1.5 percentage points from the same period a year earlier, official data showed.
The figure dropped by 1.4 percentage points from the previous quarter, according to the National Bureau of Statistics.
Among the three major sectors, the mining sector’s utilisation rate came in at 75.2 percent in Q1, dropping by 1.8 percentage points from the same period last year.
The utilisation rate of the manufacturing sector and the production and supply of utilities stood at 74.5 percent and 71.9 percent, respectively.
Most of the factories were shut for the long Chinese New Year holidays and have just resumed operations with many reporting orders that are continuing to pile up.
