China's moderate industrial growth with downscale fixed asset investment

China recorded 6.2815 trillion yuan (766 billion US dollars) in its overall added industrial value last year, up 11.5 percent year-on-year, while its total investment in fixed assets grew by 25.8 percent, down by 1.9 percentage points from 2003.

These figures were released by the National Bureau of Statistics (NBS) Tuesday. NBS also show China's major industrial firms, or firms whose annual sales revenues exceeding 5 million yuan (609,000 US dollars), registered a 16.7 percent increase in its added value in the past year, down slightly from the previous year.

China's coal output grew up by 15 percent, while power output was up 14.9 percent. Overall product of pig iron, crude steel, rolled steel rose 24.1 percent, 32.2 percent and 23.5 percent, respectively.

The country's automobile sector manufactured 5.2 million units of motor vehicle.

Total profit for China's industrial sector stood at 1.1342 trillion yuan (138.3 billion US dollars ), up 38.1 percent.

The bureau said that investment in fixed assets totaled 7.0073 trillion yuan (about 854.5 billion US dollars), up 25.8 percent year-on-year, or a drop of 1.9 percentage points from the previous year.