ZCZC
BCN-30
CHINA-INDUSTRIAL-OUTPUT
China’s industrial output up 5.6 pct in first three quarters
BEIJING, Oct. 18, 2019 (BSS/Xinhua) – China’s value-added industrial
output, an important economic indicator, expanded 5.6 percent year on year in
the first three quarters, the National Bureau of Statistics (NBS) said
Friday.
In September, the industrial output rose 5.8 percent year on year, up 1.4
percentage points from the growth rate in August, according to the NBS.
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 2.8 million U.S. dollars).
In a breakdown by ownership, the output of state-controlled enterprises
went up 4.7 percent year on year in the first three quarters, while that of
joint-stock companies went up 6.9 percent and that of foreign-funded
enterprises and enterprises with investment from Hong Kong, Macao and Taiwan
increased by 1.4 percent.
The production and supply of electricity, thermal power, gas and water
reported a year-on-year increase of 7 percent in the first three quarters,
the fastest among the three major sectors, which also include mining and
manufacturing.
Manufacturing output rose 5.9 percent year on year, and output growth of
the mining sector rose 4.6 percent.
High-tech manufacturing led the overall industrial output growth with its
8.7-percent year-on-year increase.
BSS/XINHUA/HR/1502