China's Industrial Production up 16.5 Percent in July

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Last updated at: (Beijing Time) Tuesday, August 12, 2003

China's Industrial Production up 16.5 Percent in July

China's large and medium-sized enterprises scored a combined industrial added value of 341 billion Yuan (41 billion US dollars) in July, up 16.5 percent over the same month of last year.

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China's large and medium-sized enterprises scored a combined industrial added value of 341 billion Yuan (41 billion US dollars) in July, up 16.5 percent over the same month of last year.

According to a monthly report released here Monday by the National Statistics Bureau,China's industrial production continuedits growth momentum in July. The electronics, transportation equipment and steel industries contributed 6.4 percentage points to the growth.

The output of steel products reached 19.8 million tons, up 25.1percent year-on-year, and electricity output reached 169.9 billionkWh, up 15.2 percent compared with the same month of last year.

Statistics also indicate that China's heavy industry kept rapidgrowth while its light industry slowed down a bit in July.

In the first seven months of this year, China's industrial added value amounted to about 2.17 trillion Yuan (2,630 billion USdollars), up 16.4 percent year-on-year.

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