China's Industrial Output Hits US$380 bln in 2002

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Last updated at: (Beijing Time) Friday, January 17, 2003

China's Industrial Output Hits US$380 bln in 2002

China's industrial output value hit 3148.2 billion yuan (380 billion US dollars) in 2002, registering a 12.6-percent growth year-on-year, according to the National Bureau of Statistics (NBS).

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China's industrial output value hit 3148.2 billion yuan (380 billion US dollars) in 2002, registering a 12.6-percent growth year-on-year, according to the National Bureau of Statistics (NBS).

In a report released Thursday, the NBS said the output value of China's state-owned enterprises rose 11.7 percent and the output value of overseas-funded enterprises grew 13.3 percent in 2002.

The added value of China's light industry grew 12.1 percent to 1229.4 billion yuan and that of the heavy industry hit 1918.8 billion yuan, 13.1 percent higher than in 2001, attributing more to the industrial growth, NBS said.

Seven industries made up 58.8 percent of the industrial growth as a whole, pulling it up by 7.4 percentage points.

These included electronic and telecommunication products, transportation equipment manufacturing, chemical products, fabric and textile, machinery and metallurgical industries, NBS said.

The industrial enterprises' exports soared 23.4 percent to 1991.6 billion yuan, with exports from the electronic and telecommunication products and electric machinery manufacturing industries soaring 42.7 percent and 23.4 percent respectively, NBS said.

Exports of the fabric and garment industry also rose 14.2 percent and 12.2 percent respectively, NBS said.

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