China's value-added industrial output expanded 5.2 percent year on year in August, Fu Linghui, spokesman of the National Bureau of Statistics (NBS), said in Beijing on Monday.
At a press conference held by the State Council Information Office, Fu briefed the media on China's economic performance in the month.
The industrial output is used to measure the total value added by industrial enterprises above the designated size -- each with an annual main business turnover of at least 20 million yuan (about 2.8 million U.S. dollars).
"In August, the total value added of the industrial enterprises above the designated size grew by 5.2 percent year on year, or up by 0.37 percent month on month. In terms of sectors, the value added of mining increased by 5.1 percent year on year, manufacturing up by 5.7 percent, and the production and supply of electricity, heat power, gas, and water up by 2.4 percent. The value added of equipment manufacturing increased by 8.1 percent year on year, and that of high-tech manufacturing increased by 9.3 percent, 2.9 percentage points and 4.1 percentage points faster than that of the industrial enterprises above the designated size, respectively. In terms of types of ownership, the value added of state holding enterprises was up by 4.7 percent year on year; that of share-holding enterprises was up by 6.0 percent; that of enterprises funded by foreign investors or investors from Hong Kong, Macao, and Taiwan regions was up by 2.3 percent; and that of private enterprises was up by 4.6 percent. In terms of products, the output of 3D printing devices, new energy vehicles, and industrial robots grew by 40.4 percent, 22.7 percent, and 14.4 percent year on year, respectively," said Fu.
"In the first eight months, the total value added of the industrial enterprises above the designated size went up by 6.2 percent year on year. In August, the Manufacturing Purchasing Managers' Index was 49.4 percent, 0.1 percentage points higher than that of the previous month; the Production and Operations Expectation Index was 53.7 percent, up by 1.1 percentage points. In the first seven months, the total profits made by industrial enterprises above the designated size were 4,020.4 billion yuan, down by 1.7 percent year on year," he said.
China's industrial output up 5.2 pct in August: official
