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Home >> Business
UPDATED: 16:31, December 12, 2005
Beijing sets industrial production growth record
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Major industrial enterprises in Beijing realized 16.7 billion yuan (2.1 billion US dollars) in value-added output in November, a growth of 16.6 percent over the same month of 2004 in comparable prices, according to latest data provided by the municipal bureau of statistics.

The growth rate was a record high over the past 11 months, said Yu xiuqi, spokesperson for the bureau.

The enterprises' value-added output amounted to nearly 160 billion yuan (19.7 billion US dollars) for the January-November period, up 13.4 percent year-on-year in comparable prices, Yu said.

Electronics and telecommunication equipment, power supply, transport equipment, industrial chemicals and chemical products, special equipment, oil refining, coking and nuclear fuel processing contributed to more than 70 percent of the enterprises' industrial output growth.

Yu noted that the new- and high-tech sector in Beijing realized 48.2 billion yuan (5.9 billion US dollars) in value-added output, up 20.5 percent year-on-year in current prices in the first 11 months. Of the total, 33.9 billion yuan (4.2 billion US dollars), or 70.3 percent, was generated by information technology (IT) industry.

In a related development, major industrial enterprises in Beijing delivered 94.5 billion yuan (11.7 billion US dollars) worth of exports in the 11-month period, up 44.1 percent over the year-earlier level.

Source: Xinhua

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