BIZCHINA / Macro Economy |
China Jan-May industrial value-added output up 18.1 percentBy ()
Updated: 2007-06-14 16:56 China's industrial value-added output rose 18.1 percent in the first five months, the National Bureau of Statistics said. Industrial value-added output in May was also up 18.1 percent year-on-year, compared with the growth of 18 percent in the first four months. In May, output of clothing and textiles was up 17.3 percent year-on-year, while chemicals and chemical products output rose 20.7 percent and ferrous metals and processing output rose 23.5 percent. Transportation equipment production and electrical machinery production rose 27.1 percent and 23.5 percent respectively. Output of crude oil was 16.06 million tons in April, up 2 percent year-on-year. Coal production rose 9.3 percent year-on-year to 191.15 million tons, while electricity generation was 256.9 billion kilowatt hours (kWh), up 16 percent year-on-year. Production of raw iron, crude steel and steel products were up 14.7 percent, 15.7 percent and 19.6 percent, respectively, at 39.55 million tons, 41.3 million tons and 47.51 million tons. Cement output was 128.69 million tons, up 20.7 percent year-on-year. Auto production rose 25.7 percent to 740,000 million units. Sedans accounted for 390,000 units, up 26.3 percent year-on-year. The sale-to-production ratio was 98 percent, up 0.1 percentage point from a year earlier. Export shipments totaled 576 billion yuan in April, up 19.9 percent year-on-year. (For more biz stories, please visit Industry Updates)
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