Overseas investment

China's industrial output up 18.1% in May

1970-01-01 08:33:27


 BEIJING, June 14 -- The added value of China's major industrial enterprises rose 18.1 percent in May compared with the same period last year, the National Bureau of Statistics (NBS) said Thursday.

The figure was 0.7 percentage points higher than the previous month and 0.2 percentage points higher than during the same period last year.

The country's large and medium-sized industrial enterprises exported goods worth 576 billion yuan (74.8 billion U.S. dollars) last month, up 19.9 percent year-on-year.

Transport equipment manufacturing sector recorded a 27.1 percent rise in output, outperforming any other sector, followed by non-metal mineral, up 24.7 percent.

The output of motor vehicle increased by 25.7 percent, of which,that of sedans was up 26.3 percent.

Two-digit growth were also registered in textile, ferrous metals smelting and pressing, telecommunications devices, computer and other electronic devices, and chemical materials and related processing industries.

Major enterprises are those with an annual sales volume of at least five million yuan.

 Xinhua