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China Sees Increasing Industrial Output
China's industrial sector maintained a steady growth in the first quarter this year, acording to figures released by the National Bureau of Statistics.
The added value of industry increased by 10.7 percent on an annual basis to reach 501.2 billion yuan (about 60.5 billion U.S. dollars).
The added value of light industry in the three months stood at 208.7 billion yuan, up 10.0 percent year on year, and that of heavy industry at 292.5 billion yuan, surging 13.4 percent.
An added value of 300.9 billion yuan came from the state-owned and state holding enterprises, up 8.6 percent.
In the meantime, collectively-owned enterprises, a component of the public economy, reported an added value of 69.6 billion yuan, up 9.0 percent.
The added value of enterprises with foreign investment and investment from Hong Kong, Macao and Taiwan amounted to 108.5 billion yuan, a year-on-year growth of 14.4 percent.
The statistics covered all enterprises in the state and non- state sectors with the annual product sales revenue at and above five million yuan.
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