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Chinas industrial sector grows 16.2% in first 2 months

Chinas industrial sector grows 16.2% in first 2 months

Write: Jaione [2011-05-20]
The added value of Chinas large-and medium-sized industrial enterprises recorded 16.2 percent year-on-year growth to 1111.3 billion yuan (139 billion U.S. dollars) in the first two months, said a monthly report of the National Bureau of Statistics (NBS) on Wednesday.

The output value of the textile industry grew 15.3 percent and the raw chemical materials and chemical products rose 19.1 percent.

The output value of nonmetal mineral products and the smelting and pressing of ferrous metals grew 22 percent and 8.1 percent respectively during the January-February period this year.

Meanwhile, the general-purpose equipment manufacturing sector rose 21.2 percent and transport equipment manufacturing, 21.3 percent.

Communication equipment, computers and other electronic equipment production witnessed a year-on-year increase of 25.3 percent, and the power and heat production and supply sector rose 11.7 percent during the period.

In terms of products, the output of coal went up by 9.6 percent, electricity, up 2.5 percent and crude oil, up 11.2 percent.

The output of pig iron, crude steel and steel rose 19.9 percent, 16.8 percent and 21.3 percent, respectively, the NBS said.

Besides, the production of cement increased by 21.3 percent andthat of automobiles, 40.6 percent, with the output of sedan cars growing 83.1 percent.

The first two months of the year also witnessed a 24.2-percent growth in the value of goods for export delivered by large-and medium-sized enterprises, at 745.4 billion yuan (93 billion dollars).

The sales ratio of industrial goods dropped by 0.28 percentage points year-on-year to 96.99 percent.

Large-and medium-sized enterprises comprise all state-owned ones and non-state owned ones whose annual sales exceed 5 million yuan (625,000 dollars)