E. China province records double-digit growth in secondary industry

The secondary sector of East China's Zhejiang Province realized 714.7 billion yuan (88.1 billion U.S. dollars) in value-added output last year, a year-on-year growth of 12.3 percent.

According to the local statistical bureau, the total included 490.5 billion yuan in value added output generated by major industrial enterprises in the province, up 18.1 percent.

The growth was driven up mainly by textile, clothing, furniture, arts and crafts, lumber processing, oil refining, chemical, pharmaceutical, plastics and transport equipment manufacturing enterprises.

Last year, all industrial enterprises in the province reported 187.8 billion yuan in pre-tax and profits, including 107.3 billion yuan in net profits, up 13.4 percent and 11.6 percent respectively.

Meanwhile, last year also saw the hi-tech sector's gross industrial output amount to 170.6 billion yuan in the province, up 22.3 percent over the year-earlier level.

Source: Xinhua