Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Credit
China Macro-economy

China's industrial output expands 5.7 pct in 2019

January 17, 2020


Abstract : China's value-added industrial output, an important economic indicator, expanded 5.7 percent year on year in 2019, slowing from 6.2 percent growth in 2018, official data showed Friday.

BEIJING, Jan. 17 (Xinhua) -- China's value-added industrial output, an important economic indicator, expanded 5.7 percent year on year in 2019, slowing from 6.2 percent growth in 2018, official data showed Friday.

The growth rate was higher than that in the first 11 months of 2019, according to the National Bureau of Statistics (NBS).

In December alone, China's industrial output expanded 6.9 percent year on year, up 0.7 percentage points from November.

China's industrial output, officially called industrial value added, is used to measure the activity of designated large enterprises with annual business turnover of at least 20 million yuan (about 2.8 million U.S. dollars).

In a breakdown by ownership, the output of state-holding enterprises climbed 4.8 percent in 2019, that of joint-stock companies went up 6.8 percent, and that of overseas-funded enterprises rose by 2 percent.

The production and supply of electricity, thermal power, gas and water reported a year-on-year increase of 7 percent in 2019, the fastest among the three major sectors, which also include mining and manufacturing.

Manufacturing output rose 6 percent year on year, while mining output edged up 5 percent, the NBS said.

Industrial structure continued to improve last year, with production in high-tech manufacturing industries and strategic emerging industries expanding by 8.8 percent and 8.4 percent, respectively.

Scan the QR code and push it to your mobile phone

Keyword: China economy industrial output

Reading:

Interview: Chinese FM's Djibouti visit to foster already blossoming bilateral ties: expert

Officials, experts say China-U.S. phase-one trade deal to bring confidence, stability to world economy

Commentary: China-U.S. phase-one trade deal: Important first step in right direction

China-U.S. trade deal helps reduce some uncertainties: UN chief economist

Beijing improves business environment

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial