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China's Q1 industrial value added up 8.7 pct

English.news.cn   2014-04-16 10:13:15

BEIJING, April 16 (Xinhua) -- China's industrial value added expanded 8.7 percent year on year in the first quarter of 2014, official figures showed on Wednesday.

Industrial value added in March edged up by 0.81 percent from February, the National Bureau of Statistics (NBS) said.

China uses industrial value added to measure business activities of designated large enterprises each with an annual turnover of at least 20 million yuan (3.26 million U.S. dollars).

The statistics showed that the value added of state-owned enterprises saw a 4.6-percent growth year on year in March, while that of joint stock companies expanded by 10.1 percent.

Last month, the value added of the manufacturing sector grew by 9.9-percent, while that of the mining industry grew by 2.9 percent, according to the NBS.

The bureau said that industrial value added in March grew by 8.6, 7.9 and 10.4 percent in east, central and west China, respectively.


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