China's Industrial Output Growth Picks up in First Two Months

Home>>Business

Last updated at: (Beijing Time) Tuesday, March 12, 2002

China's Industrial Output Growth Picks up in First Two Months

China's industrial output growth picked up in the first two months of the year, rising 10.9 percent in January and February over the previous year, higher than the 10.2 percent growth recorded for the corresponding period in 2001. China's economic growth last year was 7.3 percent, compared with eight percent in 2000, as its export sector was affected by global weakening in demand.

DISCUSSION

CHINESE

SEND TO FRIEND

Output growth

The National Bureau of Statistics said output growth in state-owned enterprises rose by 9.1 percent in the first two months, compared with 11.5 percent growth among enterprises with foreign investment, the bureau said.

Growth in the first two months was fueled by product categories such as electronics, telecom equipment and electrical machinery, according to the bureau.

Much of this was due to booming exports, as overseas shipments of electronics appliances and telecom equipment soared 27.4 percent in January and February, the bureau said.

Overall exports of industrial products

Overall exports of industrial products gained 12.8 percent in the first two months, according to the bureau.

Many economists expect China's foreign trade to recover this year after exports rose 29.2 percent in January from a year earlier. Last year as a whole, exports rose by 6.8 percent.

Industrial output grew by 8.9 percent last year, down from 9.9 percent in 2000, amid a general slowdown of the global economy.

Economic growth

China's economic growth last year was 7.3 percent, compared with eight percent in 2000, as its export sector was affected by global weakening in demand.

China's Industrial Production Grows 9.9 Percent in 2001

China's industrial enterprises generated a total value added of 2.695 trillion yuan (324.7 billion U.S. dollars) in 2001, a year-on-year growth of 9.9 percent, the National Bureau of Statistics said recently. >>details

Questions?Comments? Click here

Shanghai Shoots for 12 Percent Industrial Growth in 2001

Industrial Output Growth up in January

China's Industrial Production Grows 9.9 Percent in 2001