Latest News:  
Beijing   Cloudy/Overcast    24 / 15   City Forecast

Home>>China Business

China's industrial value-added output to post 13.5 pct in full-year growth

(Xinhua)

13:53, September 10, 2011

BEIJING, Sept. 9 (Xinhua) -- China's industrial value-added output is expected to grow 13.5 percent year-on-year this year, the Ministry of Industry and Information Technology (MIIT) said in a report Friday.

The rise will slow from the 14.2-percent growth for the January-August period, according to the National Bureau of Statistics (NBS). August recorded a 13.5 percent increase, down 0.5 percentage points from that of July.

Industrial production will "face a more complicated environment for the rest of the year," said the report jointly issued by the MIIT and the Chinese Academy of Social Sciences, a government think tank.

"Uncertainties are building," said Huang Libin, an inspection and coordination official with the MIIT, citing high energy and material prices, rising labor costs, tight supplies of coal and oil, exchange rate changes and financing difficulties.

"The external environment for industrial production is becoming tighter with the faltering global economic recovery, mounting global inflation, and the worsening debt crisis," he said. The uncertainties will impact China via finance, trade and investment, he added.

He said the difficulties for the rest of the year are controllable. Fixed-asset investment remains the major driver of steady growth of industrial production, the report said, including input in water facilities and low-income housing projects.

The NBS said China's fixed-asset investments rose 25 percent year-on-year during the first eight months of the year, 0.4 percentage points lower than that of the past seven months.

Email|Print|Comments(Editor:张洪宇)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Siberian tiger's 1st successful breeding in the wild in China

  2. U.S. security chief calls for vigilance against 9/11 threat

  3. "Audrey" fall and winter underware fashion show

  4. Libya's NTC fighters on their way to Bani Walid

Most Popular

Opinions

  1. Springtime for Libya?
  2. China firmly opposes US sales of F-16s to Taiwan
  3. Mastering the art of public speaking
  4. Arms traders fumbled contact with Gaddafi
  5. More effort needed to "go global"
  6. Cross-border RMB settlement developing rapidly
  7. Chinese FDI wrongly seen as harbinger of doom
  8. The unlearnt lessons of 9/11 today
  9. Opinion: China's economy has landed, safely
  10. Success in Libya cannot pull Europe out of crisis

What's happening in China

Ex-leader's new book already a hot seller

  1. Huaxi Village completes controversial skyscraper
  2. New insurance law covers foreign employees
  3. Volunteers help Tibetan antelope hit the road
  4. All 12 trapped miners confirmed dead
  5. School stole teachers' identities

PD Online Data

  1. Water-Splashing Festival of Dai
  2. The Uyghur Muqam of Xinjiang
  3. Traditional Folk Long Song
  4. The Guqin and its Music
  5. Grand Songs of Dong