China's industrial output growth accelerates in October

BEIJING, Nov. 9 (Xinhua) -- Industrial production growth continued to accelerate in October, presenting evidence that China's economy is picking up steam after seeing its lowest growth rate in more than three years.

China's value-added industrial output rose 9.6 percent year on year in October, picking up from 9.2 percent in September and 8.9 percent in August, the National Bureau of Statistics (NBS) announced Friday.

The value-added industrial output expanded 10 percent from one year earlier during the January-October period, the NBS said. The pace of increase was unchanged from that of the first nine months.

Despite signs of a mild improvement in industrial production, the annual growth of value-added industrial output in the first 10 months was still below the government's target of 11 percent for 2012.

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