China Sees Expanding Industrial Output

BEIJING, August 9 (Xinhua) -- China's industrial sector continued to grow in the first five months this year, according to figures released by the National Bureau of Statistics.

The added value of industry from January to May increased by 9. 5 percent on an annual basis to reach 788.6 billion yuan (about 95 billion U.S. dollars).

The added value of light industry during the period stood at 334 billion yuan, up 9.1 percent year-on-year, and that of heavy industry 455 billion yuan, up 10 percent.

Statistics showed an added value of 451 billion yuan from the state-owned and state-owned holding enterprises, which accounted for more than half of the gross industrial output in the five months.

In the meantime, collectively-owned enterprises, a component of the public assets, reported an added value of 136 billion yuan.

The added value of enterprises with overseas investment and investment from Hong Kong, Macao and Taiwan regions amounted to 158 billion yuan.

The statistics covered all enterprises in the state and non- state sectors with the annual product sales revenue at and above five million yuan.