The total added value of China's state-owned industrial enterprises and non state-owned enterprises with an annual sales income more than five million yuan reached 581.1 billion yuan in July, up 16.1 percent year-on-year, according to the monthly data released by the National Bureau of Statistics on August 15.

The figure is lower than the 16.4 percent in the first half year and June's 16.8 percent.

The ratio of sales of products in industrial enterprises stands at 98.65 percent, an increase of 0.16 percentage point over the same period last year. Industrial enterprises realized an export value of 391.3 billion yuan, 26.1 percent higher than one year earlier.

The value added realized by the smelting and pressing of ferrous metals sector sees a year-on-year growth of 26.6 percent. The growth rates in heavy industrial sectors such as chemical industry, general-purpose equipment manufacturing, nonmetal mineral products sector and non-ferrous metals sector are between 18.7 percent and 21.3 percent. The rates in light industries such as textile, farm produce processing, medical and pharmaceutical products sector range from 18 percent to 28.5 percent.

In terms of product, the output of raw coal grew by 10.8 percent from one year earlier, power generation up 14.9 percent, pig iron, crude steel and steel products up 30.7 percent, 28.6 percent and 28 percent respectively. The output of cement grew by 14 percent and automobiles 27.8 percent and that of sedans 55.4 percent.

From January to July, all the state-owned enterprises and non state-owned ones with an annual sales income more than five million yuan had realized a total value added of 3.8123 trillion yuan, a year-on-year increase of 16.3 percent.

By People's Daily Online