China's industrial value-added output growth quickens to 13.9% in August

10:50, September 11, 2010      

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Growth of China's industrial value-added output accelerated to 13.9 percent year on year in August from July's 13.4 percent increase, the National Bureau of Statistics (NBS) announced Saturday.

The growth rate for the first eight months was 16.6 percent year on year, down 0.4 percentage points from the January-to-July period, said Sheng Laiyun, the NBS spokesman.

All 39 industries saw year-on-year growth in August, with textiles up 11.6 percent; chemical materials and products up 12.9 percent; general equipment manufacturing up 20.1 percent, and transportation equipment manufacturing up 16.6 percent, Sheng said.

China's power generation in August rose 12.6 percent from a year earlier to 390.3 billion kilowatt-hours, Sheng added.

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.

Source: Xinhua


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