Industrial output increases 6.6%

Industrial output rose 6.6 percent last year, up 0.6 percentage point from a year earlier, the National Bureau of Statistics said on Thursday, driven largely by the global economic rebound, momentum from the Belt and Road Initiative and surging domestic demand.

High-tech and equipment manufacturing industries witnessed higher output growth of 13.4 percent and 11.3 percent respectively in 2017, while the mining sector saw a 1.5 percent decline on a yearly basis.

Industrial businesses above the designated size shipped 12.32 trillion yuan ($1.9 trillion) of goods to overseas markets last year, up 10.7 percent from 2016.