China to See Record Sales Growth of Production Goods

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Last updated at: (Beijing Time) Sunday, April 13, 2003

China to See Record Sales Growth of Production Goods

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China's production goods market has maintained hectic trading and the sales volume is expected to hit 9,000 billion yuan (1,087 billion US dollars) this year, a record growth rate of 20 percent year-on-year, according to the China Logistics Information Center.

During the first quarter of the year, the sales volume of production goods topped 2,000 billion yuan (240.93 billion US dollars), 22.5 percent more than a year earlier, an all-time high in recent years.

Robust domestic economic growth and demand for basic materials have helped bring about the growth in the production goods trade, said experts from the center.

In the first two months, China's industrial sales volume increased by 28.9 percent year-on-year, in which the heavy industry grew by 33.9 percent, while investment in fixed assets increased by 32.8 percent.

Meanwhile, a fast growing import trade, jumping 60 percent in the two months, also pushed forward the production goods trade, allowing imported goods to take a larger share in the domestic market.

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