Industrial Production Grew by 16.3 percent in September

In September, the above designated size industry completed a value-added of RMB 370.4 billion yuan, up by 16.3% over the same month of the previous year, and the accumulative total value added from January to September was RMB 2897.5 billion Yuan, up by 16.5% over the same period of the previous year.

Main conditions and characteristics of the industrial production in September:

The growth rate of state-owned enterprises, joint ventures and foreign-funded enterprises was somewhat dropped, and the collective enterprises grew at a faster rate. In September, the state-owned enterprises and state holding enterprises completed an added value of RMB 167.2 billion yuan, up by 11.6% over the same month of the previous year, and the growth rate was down by 2.4%; the added value realized by joint ventures was RMB 150.6 yuan, up by 16.5%, and the growth rate was down by 1.4%; the added value realized by three types of foreign-funded enterprises was RMB 102.6 billion yuan, up by 19.4%, and the growth rate was down by 1.3%. The growth rate of collective enterprises and cooperative stock enterprises was up by 1% and 5.1% over the previous month.

The Top 5 industries drove the fast growth of industrial production. In September, the gross output value of the five pillar industries, namely the manufacturing industry of communication equipment, computers and other electronic equipment, transport and communication facilities manufacturing industry, metallurgical industry, electric machinery and equipment manufacturing industry as well as chemical industry, grew at a rate of 20%, which contributed 52.4% to the overall industrial growth, and drove the growth rate up by 8.5% wherein the growth rate of the metallurgical industry was up by 5.9% over the last month due to the quickened growth of steel and steel products. The output of national steel and steel products grew by 26.1% and 24.3% in the month as compared with the same period of the previous year, and the growth rate was up by 3.7 and 5.3% respectively. In view of prime products of other industries, the output of electronic computers and microcomputers grew by 2.4 times and 1.1 times. The auto production hit a new record, and 427,600 automobiles were produced in the month, up by 36.8% over the same month of the previous year; wherein the monthly output of limousines reached 191300, 22000 more than that in the last month, and up by 69.7% over the same period of the previous year.

The national power generation in the month was 158.5 billion kwh, up by 15.5% over the same period of the previous year, holding over a fast growing momentum.

The growth rate of industrial products was somewhat slowed up, but the fast growing momentum was kept. The industrial enterprises realized an export value of shipment of RMB 241.7 billion yuan in September, up by 26.1% over the same month of the previous year, and the growth rate was down by 2.4% over the previous month. In view of principal export industries, the manufacturing industry of communication equipment, computers and other electronic equipment realized an export value of shipment of RMB 80.8 billion yuan in the month, up by 39.8% over the same month of the previous year, and the growth rate was down by 6.9% over the previous month; the export value of shipment of the electric machinery and equipment manufacturing industry was up by 29.4%, and the growth rate was up by 2.3% over the previous month; the export value of shipment of the textile industry was up by 17.1%, and the growth rate was almost the same as that in the last month.

The industrial production and sales were well connected. The sales rate of industrial products in the country was 98.74% in September, almost the same as that in the last month. The accumulative total production and sale rate was 97.67% from January to September, up by 0.11% over the same period of the previous year.

(Note: above designated size industrial enterprises refer to all state-owned and non-state-owned enterprises with an annual sales of over 5 million yuan)