Statistics and analysis of China’s superhard industry in the first half of 2023

The development of China’s superhard industry in the first half of 2023 is analyzed according to statistical data, as well as the import and the export data of customs and the national macroeconomic indicators. It is found that the industry falls short of development expectations due to the structural adjustment of the manufacturing industry. The main indicators, including the total industrial output value, the sales revenue, the total profit and the export delivery, are all in a negative growth, especially the total profit which decreases 39.5% year-on-year. Against the backdrop of relatively weak global markets, the export destinations are increasingly concentrated due to the rapid development of emerging economies. For example, the markets in the Middle East and Russia have shown higher vitality. It is suggested that the companies take active decisions and explore emerging markets for breakthroughs in products and vitality in development.