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Industrial Output Growth up in January
China's industry added value reached 169.5 billion yuan (US$20.42 billion) in January this year, a rise of 2.3 percent over the same period last year, according to the State Bureau of Statistics.
The statistics showed that the sale rate of industrial products is 94.4 percent, a bit rise over one year ago.
The added value of the stock-holding companies saw a year-on-year growth rate of 4.6 percent to reach 44.2 billion yuan (US$5.33 billion) while State-owned enterprises produced 104.5 billion yuan (US$12.59 billion) of added value, up 2.3 percent.
Foreign-funded enterprises' added value increased by 1.5 percent to reach 37 billion yuan (US$4.46 billion).
At the same time, the year-on-year growth of heavy industrial output outnumbered that of light industry by rising 3.8 percent, with heavy industry growing faster than the light sector over the past two years.
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