The Industrial Production Kept a Swift Growth in November

In November, the above-scale industrial enterprise completed an added value of RMB 294.9 billions, a rise of 14.5% as compared with the same month last year and the growth rate was 0.3% more than that in last month. The accumulative total value added from January to November was RMB 2826.6 billions, an increase of 12.4% as compared with the same period last year.

The industrial production in November was provided with following characteristics:

1. The growth rate of state-owned and joint-stock enterprises was quickened. In November, state-owned and state-owned holding enterprises completed an added value of RMB 153.7 billions, a rise of 14.2% as compared with the same month last year, and the growth rate was 0.4% more than that in last month; the added value completed by joint-stock enterprises was RMB 110.4 billions, a rise of 17.9% as compared with the same period last year, and the growth rate was 1.7 % more than that in last month; enterprises invested by foreign businessmen and businessmen from Hong Kong, Macao and Taiwani completed an added value of RMB 75.2 billions, a rise of 14.5% as compared with the same period last year, and kept the swift growth momentum. The growth rate of collective and cooperative enterprises somewhat dropped as compared with that in last month.

2. The growth rate of heavy industry production was higher than that of light industry distinctively. In November, the heavy industry completed an added value of RMB 179.9 billions, an increase of 15.7% as compared with the same month last year, and the growth rate was almost equal to that in last month; the light industry completed an added value of RMB 115 billions, an increase of 12.9% as compared with the same month last year and the growth rate rose by 0.6% as compared with that in last month. The growth rate of heavy industry production was 2.8% higher than that of light industry.

3. Manufacturing enterprises on electronic communication equipment, transport and communication facilities and electric machinery facilities are main forces that drive the growth. In November, the contribution rate of the above three industries to the whole industrial growth was 40.1%, they pulled the growth 5.8% up, and they ranked the first three positions among 40 major industries. The output of carrier communication equipment, photocommunication equipment, mobile telephone sets, stored program exchanges, and microcomputer grew by 39.4 - 84% as compared with the same month last year. Automobiles production remained to be a hotspot and 325,000 automobiles were produced in November, a rise of 49.3% as compared with the same month last year. Thereinto output of limousines broke 110,000, a new record of monthly output and a rise of 77% as compared with the same period last year. The production of main hard goods, such as washing machines, refrigerators, freezer, and air-conditioners, also presented a good growth momentum.

4. Export of industrial products had kept swift growth, but the growth rate somewhat dropped. In November, export value of shipment realized by industrial enterprises was RMB 186.1 billions, a rise of 25.9% as compared with the same month last year, and the growth rate was 2.7% lower than that of the last month, but the swift growth momentum was kept as a whole. Among main export industries, the growth rate of electronic communication equipment and electric machinery facilities export was somewhat slowed up, while that of textile industry was quickened.