China's industrial sector sees 16.6 percent growth in May

The added value of China's large- and medium-sized industrial enterprises increased 16.6 percent year-on-year to 570.2 billion yuan in May, according to a report released by the National Bureau of Statistics(NBS) on Wednesday.

The added value of the heavy industrial sector rose 17.4 percent to 397.1 billion yuan, 2.5 percent higher than the growth rate of the light industrial sector.

The output of electricity went up 13.5 percent; raw coal, up 11.6 percent; crude oil, 5.3 percent; pig iron, up 40.9 percent; steel, up 37.5 percent; rolled steel, up 35.5 percent.

Among the 12 sectors that delivered ten billion yuan of goods for export, the growth rate of seven exceeded 30 percent. The highest one is the growth rate of smelting and pressing of ferrous metals, 74.1 percent.

The growth rate of other six sectors, general-purpose equipment manufacturing, transport equipment manufacturing, raw chemical materials and chemical products, metal products and textiles, clothing and footwear production, ranged from 30.7 percent to 38.3 percent.

The first five months of the year witnessed a total added value of the large-and medium-sized industrial enterprises across China of 2.594 trillion yuan, increasing 16.3 percent year-on-year.

By People's Daily Online