ZCZC
BCN-35
CHINA-INDUSTRIAL-OUTPUT
China’s industrial output expands 6.1 pct in August
BEIJING, Sept. 14, 2018 (BSS/Xinhua) – China’s industrial output expanded
6.1 percent year on year in August, slightly higher than the 6-percent rise
in the previous month, official data showed Friday.
In the first eight months, industrial output rose 6.5 percent, 0.1
percentage points slower than the Jan.-July period, the National Bureau of
Statistics said in a statement.
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 2.9 million U.S. dollars).
On a monthly basis, industrial output in August increased 0.52 percent
from July.
A breakdown of the data showed the production and supply of electricity,
thermal power, gas, and water reported the fastest growth at 9.9 percent
among the three major sectors in August.
Manufacturing output rose 6.1 percent year on year, down 0.1 percentage
points from July, according to the NBS data. The output of the mining sector
climbed 2 percent, up 0.7 percentage points from July.
In the first eight months, high-tech manufacturing output expanded 11.9
percent year on year, outpacing the overall industrial output by 5.4
percentage points. Both equipment manufacturing and strategic emerging
industries saw output gain 8.8 percent.
New products posted rapid expansion, while corporate profits maintained
robust growth, according to the NBS.
The output of new energy vehicles, industrial robots, and integrated
circuits went up 56 percent, 19.4 percent, and 13.4 percent, respectively, in
volume year on year in the Jan.-Aug. period, the NBS data showed.
In the first seven months, major industrial firms saw their combined
profits increase 17.1 percent year on year to 3.9 trillion yuan.
BSS/XINHUA/HR/1402