China Keeps Double-Digit Industrial GrowthChina's industrial sector stayed in fast track to register a year-on-year 10.2 percent growth in the first two months this year, the National Bureau of Statistics (NBS) announced Friday.The sector's incremental value totaled 362.9 billion yuan (about 44 billion US dollars) in the two months, according to the bureau's monthly industrial report. State-owned and state-controlled enterprises grew by 10.3 percent, faster than the sector's average, while share-holding firms increased by 11.9 percent and foreign-funded firms 12.4 percent. Meanwhile, growth of collectively-owned and share-holding cooperative slowed to 6.2 percent and 8.6 percent respectively. The NBS noted that the heavy industry continued to outspeed the light industry, with its incremental value chalking up an increase of 12.3 percent to 217.1 billion yuan. The light industry's incremental value was 145.8 billion yuan, up 7.6 percent. Sales of industrial products reached 95.38 percent of the total output in the two months, about the same as in the corresponding period last year. The value of industrial exports hit 197.8 billion yuan in the two months, up 11.7 percent, the bureau said. |
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