China's industrial value-added output up 17.6% in 1H
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The growth of China's industrial value-added output was up 17.6 percent year-on-year, or 10.6 percentage points higher than that in the first half of 2009, the National Bureau of Statistics (NBS) said on Thursday.
Industrial production picked up quickly with a substantial increase in economic efficiency of enterprises. An analysis on different types of enterprises showed that the value added growth of the state-owned and state holding enterprises went up by 17.7 percent; collective enterprises by 10.2 percent; share-holding enterprises by 18.8 percent; and 17.0 percent growth for enterprises funded by foreign investors or investors from Hong Kong, Macao and Taiwan provinces.
The year-on-year growth of heavy industry was 19.4 percent, and 13.6 percent for the light industry. Among 39 industrial divisions, 38 of them registered year-on-year growth.
In terms of different areas, the growth in eastern, central and western regions was 16.7 percent, 20.7 percent and 17.6 percent respectively. The production and sales of industrial products went on well. In the first half of this year, the sales ratio of industrial products was 97.6 percent, or 0.4 percentage point higher than that in the previous year.
In the first five months of this year, the profits made by industrial enterprises above designated size stood at 1,539.7 billion yuan, up by 81.6 percent year-on-year. Among the 39 industrial divisions, 36 divisions registered year-on-year increase in profits, 1 division reversed from loss-making to profits, and the rest 2 divisions witnessed reduction of profits.
