CCTV.com - CNTV English - CCTV News


Homepage > News > Biz >

China's industrial value added output up 13.1% in Oct.

11-11-2010 10:49 BJT Special Report:China’s Economic Data for Oct. |

BEIJING, Nov. 11 (Xinhua) -- China's industrial value-added output growth slowed to 13.1 percent year on year in Oct. from 13.3 percent in September, the National Bureau of Statistics (NBS) announced Thursday.

The growth rate for the first 10 months was 16.1 percent year on year, down 0.2 percentage points from the January-September period, said NBS spokesman Sheng Laiyun.

The industrial value-added output of state-owned and state-holding companies grew 10.6 percent in Oct. and that of collectively-owned and joint-stock enterprises expanded 7.9 percent and 14.3 percent, respectively. Companies with overseas investment posted a rise of 11.2 percent.

For heavy industries, industrial value-added output in the first 10 months was up 13.2 percent year on year, and that for light industries climbed 12.9 percent, said Sheng.

Industrial value-added output measures the final results of industrial production, which is the value of gross industrial output minus intermediate input such as raw materials and labor.

For production volumes, the volumes of cast iron and crude steel in Oct. dropped 7 percent and 3.8 percent respectively from the previous month, while the other five major products, including crude oil, electricity, rolled steel, cement and automobiles, saw increases both in Oct. and the first 10 months.

The sales rate of industrial products dropped to 97.8 percent in Oct., down 0.3 percentage points from the same month last year. The delivery value of industrial exports rose 21.6 percent year-on-year to 812.4 billion yuan (118 billion U.S. dollars) in Oct.

Li Yizhong, Minister of Industry and Information Technology, expected the country's industrial value-added output to expand at least 13.5 percent year on year in 2010 as the industrial sector has returned to stable growth after overcoming the global financial crisis.

China's industrial value-added output expanded 11 percent in 2009.

Editor:Jin Lin |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program