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Old Industrial Base Reports Steady Growth in Industrial Production
The northeastern province of Liaoning, an old industrial base of China, reported steady growth in industrial production in the first nine months this year, according to the provincial statistics bureau.
The bureau said that in the January-September period, state-owned enterprises, enterprises whose majority shares are controlled by the state and leading non-state industrial enterprises in the province realized a total of 320.86 billion yuan (38.65 billion U.S. dollars) in industrial output value, a 9.9 percent increase over the corresponding period last year.
State-owned enterprises still remain a major force in Liaoning's industrial production. In the nine-month period, state-owned enterprises and enterprises, whose majority shares are controlled by the state, generated 212.323 billion yuan (25.58 billion U.S. dollars) in output value, an increase of 8.8 percent over last year's same period.
What is noteworthy is that non-state enterprises reported faster growth speed than the state-owned ones in the nine-month period.
According to statistics, the output value of joint-stock enterprises in the first nine months was 124.126 billion yuan (14.95 billion U.S. dollars), up 10.4 percent. Overseas-funded enterprises reported an increase of 11.7 percent in industrial output value, which hit 62.04 billion yuan (7.47 billion U.S. dollars) in the nine-month period.
As a heavy industrial base, Liaoning realized 263.289 billion yuan (31.72 billion U.S. dollars) in the output value of heavy industries in the period.
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