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Home >> Business
UPDATED: 20:17, August 10, 2004
China's industrial production up 15.5 percent in July
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China's industrial added value rose 15.5 percent year-on-year to 440.9 billion yuan (53.3 billion US dollars) in July, 0.7 percentage points lower than in June, the National Bureau of Statistics said Tuesday.

The bureau's monthly report said fast growth was maintained in July in major energy products, raw materials and best-selling consumer goods, though most of them continued to sustain a falling growth rate, compared with the previous month.

The output of raw coal and crude oil grew by 14 percent and 4.4 percent, respectively, year-on-year, both indicating a higher growth rate than in June. Electricity output rose by 11.7 percent, slower than in June.

Crude steel and rolled steel had a yearly growth rate of 20.3 percent and 18.5 percent respectively, 6.5 and 1.2 percentage points higher than in June.

Auto production in July increased by 5.4 percent from a year earlier, with sedan production up 0.5 percent, which represented a fall of 15 and 19.9 percentage points from the previous month.

In the first seven months, China's total industrial value added rose 17.3 percent year-on-year to 2.93 trillion yuan (354 billion US dollars), according to statistics of state-owned industrial companies and private industrial companies each with annual sales income exceeding 5 million yuan (600,000 US dollars).

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