LINE

    Text:AAAPrint
    Economy

    New sectors accelerate China's industrial growth in 2017

    1
    2018-01-19 08:30Xinhua Editor: Wang Fan ECNS App Download

    China's industrial output expanded 6.6 percent in 2017, accelerating from 6 percent growth in 2016, official data showed Thursday.

    The strong performance was largely attributed to the sharp growth of new manufacturing sectors such as industrial robots, according to the National Bureau of Statistics (NBS).

    New-energy vehicles, industrial robots, solar power and integrated circuit outshone most other industries in terms of output in 2017, growing 51.1 percent, 68.1 percent, 38 percent and 18.2 percent, respectively, year on year.

    On the other hand, mining and cement sectors saw their output decline 1.5 percent and 0.2 percent, respectively, while the textile and coal industries grew only 4 percent and 3.2 percent, respectively.

    Industrial output, officially called industrial value added, is used to measure the activity of designated large enterprises with annual turnover of at least 20 million yuan (about 3.1 million U.S. dollars).

    Ownership analysis showed that industrial output of state-holding enterprises was up 6.5 percent, while industrial output of enterprises funded by overseas investors increased 6.9 percent.

    Amid the drive to restructure and optimize industry, the country aims to reduce overcapacity in traditional sectors such as coal, iron and steel while facilitating growth in emerging areas.

    The industrial output figures were released by the NBS along with a slew of other major economic indicators for 2017.

    China's GDP grew 6.9 percent year-on-year in 2017, well above the official target of around 6.5 percent and higher than the 6.7 percent growth registered in 2016.

    This also marked the first acceleration in annual GDP growth pace since 2010.

      

    Related news

    MorePhoto

    Most popular in 24h

    MoreTop news

    MoreVideo

    News
    Politics
    Business
    Society
    Culture
    Military
    Sci-tech
    Entertainment
    Sports
    Odd
    Features
    Biz
    Economy
    Travel
    Travel News
    Travel Types
    Events
    Food
    Hotel
    Bar & Club
    Architecture
    Gallery
    Photo
    CNS Photo
    Video
    Video
    Learning Chinese
    Learn About China
    Social Chinese
    Business Chinese
    Buzz Words
    Bilingual
    Resources
    ECNS Wire
    Special Coverage
    Infographics
    Voices
    LINE
    Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
    Copyright ©1999-2018 Chinanews.com. All rights reserved.
    Reproduction in whole or in part without permission is prohibited.
    主站蜘蛛池模板: 大余县| 岳阳县| 江陵县| 醴陵市| 阿勒泰市| 蛟河市| 三穗县| 吴江市| 凌海市| 博罗县| 遵化市| 石景山区| 永新县| 福建省| 灵璧县| 辉县市| 沙洋县| 茌平县| 金华市| 石楼县| 德钦县| 昌平区| 珠海市| 盐池县| 广州市| 天气| 新田县| 大兴区| 陆丰市| 新巴尔虎左旗| 当阳市| 博湖县| 吴江市| 仙桃市| 塔河县| 奉新县| 阳江市| 马尔康县| 运城市| 延吉市| 大余县|