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Monday, December 27, 1999, updated at 09:01(GMT+8)
Business China Sees Expanding Industrial Output

China's industrial sector maintained a steady growth in the first 10 months of this year, according to figures released by the National Bureau of Statistics.

The added value of industry from January to October increased by 9.1 percent on an annual basis to reach 1.626 trillion yuan (about 196 billion US dollars).

The added value of light industry during the period stood at 693.1 billion yuan, up 8.5 percent year-on-year, and that of heavy industry at 932.7 billion yuan, up 9.5 percent.

Statistics showed added value of 930.6 billion yuan from the state-owned and state holding enterprises.

In the meantime, collectively-owned enterprises, a component of the public assets, reported added value of 277.6 billion yuan.

The added value of enterprises with overseas investment and investment from Hong Kong, Macao and Taiwan regions amounted to 334.1 billion yuan.

The statistics covered all enterprises in the state and non- state sectors with the annual product sales revenue at and above five million yuan. (Xinhua)

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