The Industrial Production Enjoyed a Swift Growth in October(24018)

In October, the above-scale industrial enterprises all state-owned industrial enterprises and non-state-owned industrial enterprises whose annual sales income is above RMB 5 millions, the same below completed an added value of RMB 283 billions, an increase of 14.2% as compared with the same month last year, the growth rate was 0.4% more than that in last month and it was the month with fastest growth. The accumulative total value added from January to October was RMB 2531.7 billions, an increase of 12.3% as compared with the same period last year.
The industrial production presented following features in October:
1. The heavy industry grew fast, while the growth rate of light industry somewhat dropped. In October, the heavy industry completed an added value of RMB 173.7 billions, an increase of 15.8% as compared with the same month last year, and the growth rate was 1.5 % higher than that of the last month; the light industry completed an added value of RMB 109.3 billions, an increase of 12.3% as compared with the same month last year and the growth rate dropped 0.9% as compared with that of the last month.
2. The production of enterprises invested by foreign businessmen enjoyed an accelerated growth, and the growth of state-owned, collected and joint-stock enterprises remained stable. In October, enterprises invested by foreign businessman or businessmen from Hong Kong, Macao and Taiwan completed an added value of RMB 73.8 billions, an increase of 14.8% as compared with the same month last year, and the growth rate was 1.6% higher than that of the last month. While that of state-owned, collective and joint-stock enterprises rose by 13.8%, 10.5% and 16.2% respectively and the growth rate was almost the same as that of the last month.
3. The electronic communication equipment manufacturing, transport and communication facilities manufacturing as well as chemical industry were main industries that drove the production growth. The contribution rate of above-mentioned three industries to the national industrial growth was 38.6% in October, and they drove the growth rate 5.5% up, which was 0.3% higher than the last month. Furthermore main industries, such as metallurgy, construction materials, electric machinery manufacturing, standard machinery manufacturing as well as textile and food industry also presented a fast growth momentum. In view of main products, the output of photocommunication equipment and electronic computers was twice of that in the same month last year, the output of microcomputers, mobile phones and integrated circuits rose by 94.6%, 66.2% and 35.9% Auto production was still a "luminescent spot" of the industrial production in October, 319,000 automobiles were produced, an increase of 53.8% as compared with the same month last year; thereinto the output of limousines was 104,000, an increase of 81.8%. Productions of main chemical products, such as sodium carbonate, sodium hydroxide, and Ethylene kept a good growing momentum.
4. The growth of industrial products export reached a new record. In October, industrial enterprises realized an export value of shipment of RMB 181.8 billions, an increase of 28.6% as compared with the same month last year and the growth rate was 1.7% higher. Thereinto the No. one export industry in China, the electronic communication equipment manufacturing industry, realized an export value of shipment of RMB 54.3 billions, 30% of the total export value of shipment and an increase of 47.7% as compared with the same period last year.

The Industrial Production Enjoyed a Swift Growth in October

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