Home>>Business
Last updated at: (Beijing Time) Tuesday, November 12, 2002

Industrial Production Grows Rapidly in China

China's industrial enterprises reported an added value output of 283 billion yuan (34 billion US dollars) in October, 14.2 percent higher than the same period last year.


PRINT DISCUSSION CHINESE SEND TO FRIEND


China's industrial enterprises reported an added value output of 283 billion yuan (34 billion US dollars) in October, 14.2 percent higher than the same period last year.

The figures mean that October recorded the fastest growth this year regarding the industrial production.

According to the National Bureau of Statistics, in the past 10 months, the country's industry realized a total added value output of more than 2.5 trillion yuan (304.9 billion US dollars), up 12.3 percent when compared with the same period in 2001.

In October, heavy industries grew steadily, while the increase in light industries slowed down.

The added value output of heavy industries amounted to 173.7 billion yuan (20.9 billion US dollars) last month, 15.8 percent more than last year. Light industries reported 109.3 billion yuan (13 billion US dollars) 12.3 percent up from last year.

Foreign-funded enterprises as well as firms with Hong Kong, Macao and Taiwan investment increased their production rapidly to 73.8 billion yuan (8.9 billion US dollars), 14.8 percent up on last year.

State-owned, collectively-owned and joint-stock enterprises maintained a stable growth and increased by 13.8 percent, 10.5 percent and 16.2 percent, respectively, compared with last year.

Telecommunications and traffic and transportation equipment manufacturing and the chemical industry were a major impetus for the high-speed growth of industrial production. Automobile production stood out in October with a total output of 104,000 cars, 81.8 percent higher than last year.

The export of industrial products hit a record-high last month with a delivery of 181.8 billion yuan (21.9 billion US dollars), 28.6 percent more than last year.


Questions?Comments? Click here
    Advanced






China's Industrial Production Sees Rapid Growth

China's Industrial Production Speeds Up



 


Anti-War Rally in Italy Draws 450,000 ( 5 Messages)

Iraq Must Cooperate with UN Unconditionally: Bush ( 3 Messages)

New Chapter in New Century ( 2 Messages)

China Owes 13-year Success to Pathbreaking CPC Central Leadership ( 2 Messages)

A US-Iraqi War Will Affect China, China Has Had All-round Counter-measures ( 52 Messages)



Copyright by People's Daily Online, all rights reserved