China Sees Expanding Industrial Output

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Monday, April 24, 2000, updated at 09:56(GMT+8)

Business

China Sees Expanding Industrial Output

China's industrial sector maintained a steady growth in the first two months of this year, according to figures released by the National Bureau of Statistics.

The added value of industry increased by 10.4 percent on an annual basis to reach 313.0 billion yuan (about US$37.71 billion) in the first two month of this year.

The added value of light industry in January and February this year stood at 132.3 billion yuan (US$15.94 billion), up 10.1 percent year-on-year, and that of heavy industry at 180.7 billion yuan (US$21.77 billion), up 10.6 percent.

Statistics showed an added value of 186.8 billion yuan (US$22.51 billion) came from the state-owned and state holding enterprises, up 7.6 percent.

In the meantime, collectively-owned enterprises, a component of the public assets, reported an added value of 43.1 billion yuan (US$5.19 billion), up 7.1 percent.

The added value of enterprises with foreign investment and investment from Hong Kong, Macao and Taiwan amounted to 67.7 billion yuan (US$8.16 billion), a year-on-year growth of 14.1 percent.

The statistics covered all enterprises in the state and non-state sectors with the annual product sales revenue at and above 5 million yuan (US$602 thousand).


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	China's industrial sector maintained a steady growth in the first two months of this year.




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