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

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China’s high-end manufacturing sector has shown fast track development with more companies earning greater profits, extending their presence abroad, and going public, as per the China Association for Public Companies (CAPC). There are around 3,313 A-share-listed manufacturing companies in the country as of December 10, 2022, which represents 65.5 per cent of all A-share companies.

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.

China’s high-end manufacturing sector has shown fast track development with more companies earning greater profits, extending their presence abroad, and going public, as per the CAPC. There are around 3,313 A-share-listed manufacturing companies in the country as of December 10, 2022, which represents 65.5 per cent of all A-share companies.

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.

Fibre2Fashion News Desk (NB)

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