China's industrial sector witnesses 16.9 pct growth in first two months

The added value of the large-and medium-sized industrial enterprises across China recorded 16.9 percent year-on-year increase to 903.4 billion yuan (109.2 billion US dollars) in the first two months, according to a report released by the National Bureau of Statistics Tuesday.

The output value of the metallurgical sector grew 26.8 percent and the electronic sector rose 19.1 percent, contributing 12.5 percent and 9.8 percent, respectively, to the national industrial growth.

The output of coal went up by 12.2 percent, electricity, up by 12.1 percent, steel, up by 19.4 percent, and desktop computers, up by 47.8 percent. Though the production of automobiles rose 1.9 percent as a whole, sedan cars dropped 1.5 percent.

The first two months of the year also witnessed a 33.4-percent growth in the value of goods for export delivered by large-and medium-sized enterprises, at 583.8 billion yuan (70.5 billion dollars).

The sales ratio of industrial goods rose merely 0.5 percentage point year-on-year to 97.2 percent.

The large-and medium-sized enterprises comprise all state-owned ones and non-state owned ones whose annual sales exceed five million yuan (604,5945 dollars).