China's value-added industrial output up 10.8% in Jul

Aug. 11, 2009 (China Knowledge) - The value-added industrial output of enterprises above the designated size in China climbed 10.8% year on year in July, 3.9 percentage points less than a year earlier, but 0.1 percentage points more than in June, according to statistics released by the National Bureau of Statistics on Monday.

The value-added output of heavy industry increased 11.3% from year earlier, while the value-added output of light industry rose 9.2%.

In July, the value-added industrial output of state-owned or state-funded enterprises rose 7.4%, while the value-added industrial output of collective enterprises increased 12.4% and that of joint-equity enterprises increased 13.4%.

Last month, value-added output increased 8.6% year on year for the textile sector, 11.7% for the raw chemical materials and chemical products sector, 14.0% for the nonmetal mineral sector, 11.3% for equipment manufacturers, 20.4% for transportation equipment makers, 11.0% for the electric machinery sector, and 5.3% for telecom equipment, computer and other electronic equipment manufacturers.

The sales ratio of industrial products stood at 97.94% in July, 2.6 percentage points higher than in June.

In the first seven months of this year, China's industrial output was up 7.5% from a year earlier, 0.5 percentage points more than in the first six months alone.