Beijing's industry posts double-digit growth in added-value output in Jan.-May period

Major industrial enterprises in China's capital realized 66.04 billion yuan (8.3 billion U.S. dollars) in added-value output in the first five months of this year, up 17.8 percent over the year-earlier level in comparable prices

Major industrial enterprises refer to those each with annual sales of more than 5 million yuan (625,000 U.S. dollars) or more.

According to latest data from the Beijing Municipal Bureau of Statistics, the new- and high-tech manufacturing sector maintained its pep to generate 16.42 billion yuan (2.1 billion U.S. dollars) in added-value output, up 34.8 percent year-on-year.

During the five-month period, industrial enterprises with foreign investment had its added-value output increased 29.7 percent to 25.89 billion yuan (3.2 billion U.S.dollars).

Source: Xinhua