Current Location: Home ? News ? World economy ? Text

China's industrial output growth slows to 5.9%

Zoom??Zoome in ??Source:xinhua??Views:375
Core Tip:China's value-added industrial output, an important economic indicator, grew 5.9percent year on year in December, down from the 6.2-percent growth recorded in November,official data showed on Tuesday.


China's value-added industrial outputan important economic indicatorgrew 5.9percent year on year in Decemberdown from the 6.2-percent growth recorded in November,official data showed on Tuesday.

Year-on-year growth for 2015 was 6.1 percentlower than the 8.3-percent growth in 2014, theNational Bureau of Statistics (NBSsaid.

December industrial production growth was weaker than market expectations of 6 percentbut inline with Nomura's forecastaccording to a Nomura Securities report to clients.

Industrial outputofficially called value-added industrial outputis used to measure the activity ofdesignated large enterprises with an annual turnover of at least 20 million yuan ($3.05 million).

Manufacturing output expanded 7 percent in 2015, 2.4 percentage points lower than the previousyearMining output growth decelerated to 2.7 percent from 4.5 percent in 2014.

Last yearthe output for electricityheatinggas and water grew 1.4 percentdown from the 3.2-percent growth in 2014.

Industrial output of state-owned and state-controlled enterprises saw 1.4-percent growth year onyear in 2015, while that of joint stock companies expanded by 7.3 percentMeanwhileindustrialoutput of enterprises funded by overseas investors grew by 3.7 percent.

In 2015, the industrial output in the high-tech sector surged 10.2 percent year on year,significantly higher than the average growth for secondary industry.

In the first 11 months of 2015, total profits of designated large enterprises reached 5.54 trillionyuandown 1.9 percent year on yearaccording to the NBS.

The latest data showed China's industrial upgrades and restructuring have been continuouslyadvancingthe NBS said.

Amid the drive to restructure and optimize industrythe country aims to defuse overcapacity intraditional sectors such as iron and steel while facilitating growth in emerging ones.

The industrial output figure was released by the NBS along with other major economic indicatorsfor December and all of 2015.

China's economy grew 6.9 percent year on year in 2015, the slowest annual expansion in aquarter of a centurywhile growth in the fourth quarter came in at 6.8 percent year on yearthelowest quarterly rate since the global financial crisisthe NBS data showed.


If you believe that this information is a violation of your legitimate rights and interests, please send the relevant qualification certificate and your rights to info@worldinout.com, Worldinout staff will reply as soon as possible! The purpose of this network is to convey more information, does not mean that the network is in favor of its views and its authenticity. Such as reproduced this site information, please specify the source.

[ NewsSearch ]? [ Add to Favorites ]? [ Tell a friend ]? [ Print ]? [ Send report ]? [ Close the window ]


Recommended Graphic
Recommend News
Click Ranking
HomeSite | About us | Contact Us | Agreement | Copyright | Sitemap | Spread | Guestbook | RSS Feed | 豫B2-20030028-27
苍南县| 宜章县| 阜新| 松阳县| 双江| 古蔺县| 清远市| 化德县| 芜湖市| 卢氏县| 灵寿县| 德格县| 江津市| 深泽县| 彭泽县| 凭祥市| 玉门市| 绥棱县| 灵台县| 潮州市| 南溪县| 息烽县| 宜兰市| 铁岭县| 山阴县| 临泉县| 定州市| 新乡市| 乌拉特中旗| 高州市| 漳浦县| 鲜城| 克山县| 噶尔县| 怀仁县| 日照市| 遂川县| 涿州市| 锡林浩特市| 水富县| 新竹县|