LINE

    Text:AAAPrint
    Economy

    China's industrial output expands 5.6 pct

    1
    2019-12-16 10:22:31Xinhua Editor : Gu Liping ECNS App Download

    China's value-added industrial output, an important economic indicator, expanded 5.6 percent year on year in the first 11 months, the National Bureau of Statistics (NBS) said Monday.

    The growth rate was flat with that in the first 10 months, according to the bureau.

    In November alone, industrial output climbed 6.2 percent, up from 4.7 percent registered in October.

    China's industrial output, officially called industrial value added, is used to measure the activity of designated large enterprises with annual business turnover of at least 20 million yuan (about 2.86 million U.S. dollars).

    The November output growth indicated stable industrial development and upgrading, NBS spokesman Fu Linghui told a press conference.

    In a breakdown by ownership, the output of state-controlled enterprises climbed 3.7 percent last month, that of joint-stock companies went up 7 percent, and that of overseas-funded enterprises rose by 3.2 percent.

    Private companies logged an 8.9-percent output increase as a slew of government measures supporting small and medium-sized enterprises took effect, said Fu.

    The production and supply of electricity, thermal power, gas and water reported a year-on-year increase of 6.7 percent in November, the fastest among the three major sectors, which also include mining and manufacturing.

    Manufacturing output rose 6.3 percent year on year, and mining output rose 5.7 percent.

    High-tech manufacturing saw an output increase of 8.9 percent last month, representing continued structural improvement from mere expansion to quality-oriented growth, said Fu.

    Tech-intensive and eco-friendly gadgets like smart watches and charging poles are becoming powerful engines of industrial growth, according to Fu.

    China's industry development, bolstered by the country's considerable market size and innovation, and will remain a major driver for future economic growth, said Fu.

    MorePhoto

    Most popular in 24h

    MoreTop news

    MoreVideo

    LINE
    Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
    Copyright ©1999-2019 Chinanews.com. All rights reserved.
    Reproduction in whole or in part without permission is prohibited.
    主站蜘蛛池模板: 望江县| 那曲县| 平山县| 新绛县| 吉林市| 灵山县| 凌海市| 三亚市| 凤山市| 永清县| 如皋市| 定州市| 洛浦县| 明星| 车致| 从化市| 自贡市| 南雄市| 昆山市| 玉龙| 潮安县| 定安县| 瓦房店市| 龙胜| 五河县| 葵青区| 兴义市| 闽侯县| 海晏县| 闸北区| 云南省| 双鸭山市| 定兴县| 辉南县| 青阳县| 石狮市| 无棣县| 邵武市| 清远市| 全州县| 达孜县|