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China's industrial output sees steady growth

English.news.cn   2014-08-13 15:31:59

BEIJING, Aug. 13 (Xinhua) -- China's industrial value-added output expanded 9 percent year on year in July, down 9.2 percent in June, the fastest pace of the year, official data showed Wednesday.

Despite a slowdown from June, the pace last month was slightly higher than the 8.8-percent expansion seen in the January-June period, the National Bureau of Statistics (NBS) said in a statement.

Year-on-year growth in the first seven months also stood at 8.8 percent, and industrial output in July rose 0.68 percent from June.

China uses industrial value-added output to measure the final value of industrial production, or the value of gross industrial output minus intermediate input, such as raw materials and labor costs.

The NBS data only tracks the output of large Chinese companies with annual primary business revenues of more than 20 million yuan (3.25 million U.S. dollars).

The figures also showed that industrial output in China's western regions increased by 10.9 percent, trailed by 8.9 percent in central areas and 8.5 percent in eastern regions.

In a breakdown, the output of manufacturing rose 10 percent, for mining that added 6.2 percent and growth for electricity, heating, gas and water was 1.9 percent, the statement said.


China's inflation within "comfortable range"

BEIJING, Aug. 9 (Xinhua) -- China's consumer price index (CPI), a main gauge of inflation, grew 2.3 percent year on year in July, the same pace as a month earlier, official data showed on Saturday.

The growth rate was also the same as that of the first half of this year, showing stable pricing in the world's second-largest economy, according to the National Bureau of Statistics (NBS).Full Story

China's July PPI down 0.9 pct

BEIJING, Aug. 9 (Xinhua) -- China's producer price index (PPI), which measures inflation at wholesale level, dropped 0.9 percent year on year in July, the National Bureau of Statistics said on Saturday.

The PPI has now dropped for 29 months in a row, but the pace of decline has narrowed for four consecutive months, down from 1.1 percent in June, 1.4 percent in May, 2 percent in April and 2.3 percent in March.Full Story

Editor: Yamei Wang
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