China's value-added industrial output expanded 5.7 percent year on year in July, official data showed Friday.
At a press conference held by the State Council Information Office in Beijing on Friday, Fu Linghui, spokesman of the National Bureau of Statistics (NBS) briefed the media on China’s economic performance in the month.
According to his remarks, the 5.7 percent year-on-year expansion represents a measurement of the total value added in July by industrial enterprises above the designated size -- businesses with an annual revenue from their main business of 20 million yuan (about 2.8 million U.S. dollars) or more.
"Breaking down by sector, the mining industry saw value added increase by 5.0 percent year on year, while that of manufacturing increased by 6.2 percent, and that of production and supply of electricity, thermal power, gas and water grew by 3.3 percent. The value added of equipment manufacturing expanded by 8.4 percent, and that of high-tech manufacturing grew by 9.3 percent, landing 2.7 and 3.6 percentage points higher than the total value added of industrial enterprises above the designated size, respectively," he said.
"An analysis by types of ownership showed that the value added of state holding enterprises was up by 5.4 percent, that of share-holding enterprises was up by 6.5 percent, that of enterprises funded by foreign investors or investors from Hong Kong, Macao and Taiwan increased by 2.8 percent, and that of private enterprises grew by 5.0 percent. In terms of products, the output of 3D printers, industrial robotics and new energy vehicles (NEVs) increased by 24.2 percent, 24.0 percent, and 17.1 percent, respectively. The value added of industrial enterprises above designated size expanded by 6.3 percent year on year in the period from January to July," said Fu.
China's value-added industrial output up 5.7 pct in July
China's value-added industrial output up 5.7 pct in July
China's value-added industrial output up 5.7 pct in July
