China Industry Witness Rapid Growth In November

China had 7.6 percent growth in its industrial added value output in November, according to the National Statistics Bureau,

The country's industrial added value output totaled 191.9 billion yuan for the period and 1817.7 billion yuan from January to November, up 9 percent from the same last year period.

In November, the incremental output value in the state sector was up 6.5 percent. In collectively-owned firms it was up 4.9 percent and in overseas-funded companies it was up 14.6 percent.

In November, light industry had 83.4 billion yuan in output value, up 7.4 percent from the same period last year, while heavy industry was up 7.8 percent to 108.5 billion yuan.

November witnessed rapid output growth of steel, textile products, some durable consumer products and telecommunications products. November also witnessed a higher sales ratio for industrial products, with 97.28 percent of production being sold, up 0.54 percent from November last year, while industrial exports increased 13.7 percent, up 4.3 percent from October. (Xinhua)


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