This afternoon, at a press conference held by the Information Office of the State Council, a spokesman for the National Bureau of Statistics said that since this year, China's economy has shown a trend of new momentum and an improved structure. The amount of “green” content continues to increase, and new green momentum is being cultivated at an accelerated pace. In July, the value added of the bio-based materials manufacturing industry increased by 20.6% year on year, and demand for new energy vehicles and new energy storage increased, driving lithium-ion battery production to increase by 58.8%. In the first seven months, China supported higher quality industrial growth with lower energy consumption, and the value-added energy consumption of industrial units above scale fell 3.5% year on year. The retail penetration rate of new energy passenger vehicles exceeded 60% for 4 consecutive months, reaching 65.1% in July, which is equivalent to about 2 new energy vehicles for every 3 passenger cars sold.

This afternoon, at a press conference held by the Information Office of the State Council, a spokesman for the National Bureau of Statistics said that since this year, China's economy has shown a trend of new momentum and an improved structure. The amount of “green” content continues to increase, and new green momentum is being cultivated at an accelerated pace. In July, the value added of the bio-based materials manufacturing industry increased by 20.6% year on year, and demand for new energy vehicles and new energy storage increased, driving lithium-ion battery production to increase by 58.8%. In the first seven months, China supported higher quality industrial growth with lower energy consumption, and the value-added energy consumption of industrial units above scale fell 3.5% year on year. The retail penetration rate of new energy passenger vehicles exceeded 60% for 4 consecutive months, reaching 65.1% in July, which is equivalent to about 2 new energy vehicles for every 3 passenger cars sold.