Industrial Output Keeps Rapid Growth in February

According to the latest figures from the National Bureau of Statistics, China's industrial output maintained rapid growth of 148 billion yuan this February, a 12 percent increase over the same period last year.

The total increase in industrial output in the first two months reached 313 billion yuan.

The output growth of heavy industry hit 87 billion yuan, 12.4 percent over last February and the growth speed of light industry was slightly slower at 0.8 percent.

The output increase of state-owned stock enterprises hit 90.5 billion yuan, up 10.3 over last February, and that of collectively owned enterprises and stock companies are respectively 20 billion yuan, up 8.4 percent and 29.4 billion yuan, up 13.8 percent. The output of over seas, Hong Kong, Macao and Taiwan funded enterprises increased 31.4 billion yuan, a 14.9 percent rise.

The industrial products' export volume of this February increased to 80.7 billion yuan, up 31.5 percent.

Thanks to the country's policy of expanding domestic demand and reducing the output of some special products, the production-sales ratio reached 96.63 percent, a rise of 2.15 percent.

The production of telecom products and durable consumer goods also gained rapid increases of 37.2 percent and 110 percent respectively.

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