Published: 19:47, January 30, 2024 | Updated: 19:53, January 30, 2024
China's electronic information investment up 9.3% in 2023
By Xinhua

In this file photo dated Sept 28, 2022, workers at a workshop of LONGi Solar Technology (Xixian New Area) Co, Ltd in Xixian New Area, northwest China's Shaanxi province. (PHOTO / XINHUA)

BEIJING — Fixed-asset investment in China's electronic information manufacturing industry rose 9.3 percent year-on-year in 2023 amid the sector's recovery, official data showed.

The Ministry of Industry and Information Technology said the expansion was 0.3 percentage points higher than that for China's overall industry.

READ MORE: China to stabilize manufacturing sector of electronic information

Last year, the industrial added value of major companies in this sector went up 3.4 percent yearly. In December alone, the figure climbed 9.6 percent from the same period of 2022, said the ministry.

Among major products, the output of mobile phones rose 6.9 percent year-on-year to 1.57 billion units, within which the number of smartphones went up 1.9 percent year-on-year to 1.14 billion, the data revealed.