China's industrial value-added output up 15.7 pct in 2010

11:39, January 20, 2011      

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China's industrial output growth accelerated in 2010 from a year earlier, the National Bureau of Statistics (NBS) said at a press conference Thursday.

The full-year industrial added value output rose 15.7 pct year on year, up 4.7 percentage points from the growth rate of 2009, Ma Jiantang, chief of the NBS, told the press conference.

On a quarterly basis, the growth of the industrial added value output, however, dropped quarter by quarter, as the growth rate for the first quarter was 19.6 percent, 15.9 percent for the second quarter, 13.5 percent for the third quarter and 13.3 percent for the fourth quarter.

Industrial value-added output measures the final results of industrial production, which is the value of gross industrial output minus intermediate inputs, such as raw materials and labor cost.



Source: Xinhua
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