China's industrial value added output up 13.1% in Oct.

10:23, November 11, 2010      

Email | Print | Subscribe | Comments | Forum 

China's industrial value-added output growth slowed to 13.1 percent year on year in Oct. from 13.3 percent in September, the National Bureau of Statistics (NBS) announced Thursday.

The growth rate for the first 10 months was 16.1 percent year on year, down 0.2 percentage points from the January-September period, said NBS spokesman Sheng Laiyun.

The industrial value-added output of state-owned and state-holding companies grew 10.6 percent in Oct. and that of collectively-owned and joint-stock enterprises expanded 7.9 percent and 14.3 percent, respectively. Companies with overseas investment posted a rise of 11.2 percent.

For heavy industries, industrial value-added output in the first 10 months was up 13.2 percent year on year, and that for light industries climbed 12.9 percent, said Sheng.

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

For production volumes, the volumes of cast iron and crude steel in Oct. dropped 7 percent and 3.8 percent respectively from the previous month, while the other five major products, including crude oil, electricity, rolled steel, cement and automobiles, saw increases both in Oct. and the first 10 months.

The sales rate of industrial products dropped to 97.8 percent in Oct., down 0.3 percentage points from the same month last year. The delivery value of industrial exports rose 21.6 percent year-on-year to 812.4 billion yuan (118 billion U.S. dollars) in Oct.

Li Yizhong, Minister of Industry and Information Technology, expected the country's industrial value-added output to expand at least 13.5 percent year on year in 2010 as the industrial sector has returned to stable growth after overcoming the global financial crisis.

China's industrial value-added output expanded 11 percent in 2009.

Source: Xinhua


  • Do you have anything to say?


Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • Chinese Navy soldiers hold an evening party marking the upcoming 62nd National Day aboard Chinese Navy hospital ship "Peace Ark" in the Pacific on Sept. 28, 2011. The Chinese National Day falls on Oct. 1. (Xinhua/Zha Chunming)
  • Photo taken on Sept. 30, 2011 shows the crowd at the plaza of Beijing Railway Station in Beijing, capital of China. The railway transportation witnessed a travel peak with the approach of the seven-day National Day holidays on Friday. (Xinhua)
  • A man wearing high-heel shoes takes part in the 3rd annual Walk a Mile in Her Shoes, an event when men literally walk in women's shoes to raise awareness about ending violence against women, at Yonge-Dundas Square in Toronto, Canada, Sept. 29, 2011. (Xinhua/Zou Zheng)
  • Photo taken on Sept. 29, 2011 shows a cargo ship in danger on the sea near Zhuhai City, south China's Guangdong Province. Cargo ship Fangzhou 6 of Qingzhou of southwest China's Guangxi Zhuang Autonomous Region lost control after water stormed into its cabin due to Typhoon Nesat on the sea near Zhuhai Thursday, leaving 12 crew members in danger. Rescuers rushed to the ship and saved them by using a helicopter. (Xinhua)
  • Actress Gong Li poses for L'Officiel Magazine. (Xinhua Photo)
  • Demonstrators from the Occupy Wall Street campaign hold placards as they march in the financial district of New York September 29, 2011. After hundreds of protesters were denied access to some areas outside the New York Stock Exchange on September 17, demonstrators set up a rag-tag camp three blocks away. Zuccotti Park is a campground festooned with placards and anti-Wall Street slogans. The group is adding complaints of excessive police force against protesters and police treatment of ethnic minorities and Muslims to its grievances list, which includes bank bailouts, foreclosures and high unemployment. (Xinhua/Reuters Photo)
Hot Forum Discussion