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China's industrial output grows 17.6% in H1

By Qiang Xiaoji (chinadaily.com.cn/Xinhua)
Updated: 2010-07-15 10:15

Related readings:  May industrial output grows 16.5%  China's industrial output up 17.8% in April

China's industrial output grew by 17.6 percent year-on-year in the first half of this year, 10.6 percentage points higher than the same period last year, the National Bureau of Statistics (NBS) announced Thursday.

Industrial production maintained a relatively fast growth in the first six months, and profits created by the nation's enterprises rose remarkably, Sheng said.

Statistics show that from January to May, profits of industrial enterprises of scale -- referring to enterprises with annual sales revenue exceeding five million yuan ($735,294) each -- jumped 81.6 percent from a year earlier to hit 1.54 trillion yuan, said Sheng.

January-June industrial output of the country's heavy industries rose 19.4 percent year-on-year, and that for light industries climbed 13.6 percent, according to Sheng.

Industrial output for China's eastern regions increased 16.7-percent, and that for the central and western parts of the country rose 20.7 and 17.6 percent, respectively.

Boosted by the government's economic stimulus measures, China's industrial production has rebounded, posting double-digit monthly growth since June 2009.

Industrial output growth peaked at 20.7 percent in the first two months of the year, but slowed down in the following four months.