China's electronic information industry reports fast recovery

BEIJING, April 6 (Xinhua) -- China's large electronic information manufacturers recovered at a faster pace in the first two months of this year, according to figures released Tuesday by the Ministry of Industry and Information Technology (MIIT).

The output, export volumes and operating revenue for the large manufacturers, meaning those with annual sales exceeding 5 million yuan (732,500 U.S. dollars) in China, all posted growth of more than 20 percent year on year, MIIT statistics revealed.

Though China's traditional Lunar New Year holidays fell between Feb. 13-19, Jan-Feb sales for the manufacturers still rose 35.5 percent year on year to 796.3 billion yuan (116.66 billion U.S. dollars), up 18.1 percent from the same period in 2008 before the global financial crisis hit the industry.

Exports by them jumped 28.2 percent year on year to 457.9 billion yuan (67.1 billion U.S. dollars) in the first two months.

Operating profits of large electronic information manufacturers surged 350.8 percent to 21.76 billion yuan (3.2 billion U.S. dollars) but still 5,797 companies were operating at a loss during the Jan-Feb period.

However, the number of those operating at a loss was down 24.9 percent with their deficits narrowing by more than half compared to the same period last year, according to MIIT.

China's electronic information manufacturing industry produces mobile phones, personal computers, television sets, digital cameras and other communications equipment, electronic components and home appliances.

In the first two months, the industry produced 108.31 million mobiles phones, up 29.7 percent year on year; 31.97 million personal computers, an increase of 41.3 percent year on year ; and 18.01 million color television sets, up 68.6 percent year on year, according to MIIT figures.