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Home >> Business
UPDATED: 15:18, July 22, 2005
China reports 16.4 percent growth in industrial value added
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China's large industrial enterprises reported 3,227.4 billion yuan (about 397.9 billion US dollars) of value added in the first half of the year, up 16.4 percent over the same period last year, the National Bureau of Statistics (NBS) said here Friday.

"Large" industrial enterprises are large state-owned companies and the private businesses whose annual sales revenue exceed 5 million yuan (about 616,000 dollars).

The growth of China's industrial production grew 16.8 percent year on year in June to 619.1 billion yuan (about 76.3 billion dollars).

Between January to June, the sales ratio of industrial products stood at 97.54 percent, an increase of 0.3 percentage points over the same period last year.

The output of metallurgy and electronics industry grew 29 percent and 18 percent respectively in the first half of this year. The output growth rates of chemical, equipment manufacture, textile, food processing and non-metal mineral industries were between 18.5 to 22.9 percent.

Analyzed by products, the output of electricity, coal and rolled steel increased by 13.2 percent, 9.7 percent and 25.9 percent, respectively.

The production of microcomputers, mobile phones and printing machines rose by 61.3 percent, 12.2 percent and 33.4 percent, and that of sedans grew by 5.2 percent.

Source: Xinhua


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