China industrial value added at firms above designated size rose 4.5% YoY in May, accelerating 0.4 ppt from April; MoM +0.40%. By sector, mining +2.3% YoY, manufacturing +4.4%, utilities (power, heat, gas, water) +7.6%. Equipment manufacturing value added +9.5% YoY (up 1.2 ppt); high‑tech manufacturing +15.1% YoY (up 2.3 ppt). By product, May output of 3D printing equipment +54.4% YoY, lithium‑ion batteries +40.0%, industrial robots +27.9%. Jan–May industrial value added +5.4% YoY. May manufactu

China industrial value added at firms above designated size rose 4.5% YoY in May, accelerating 0.4 ppt from April; MoM +0.40%. By sector, mining +2.3% YoY, manufacturing +4.4%, utilities (power, heat, gas, water) +7.6%. Equipment manufacturing value added +9.5% YoY (up 1.2 ppt); high‑tech manufacturing +15.1% YoY (up 2.3 ppt). By product, May output of 3D printing equipment +54.4% YoY, lithium‑ion batteries +40.0%, industrial robots +27.9%. Jan–May industrial value added +5.4% YoY. May manufacturing PMI 50.0; enterprise business expectations index 53.9. Jan–Apr profits at industrial firms above designated size totaled 2.436 trillion yuan, up 18.2% YoY.