China's industrial output up 18.5% last year
2008-01-23 19:11:10 Xinhua English
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BEIJING, Jan. 24 (Xinhua) -- China's industrial output jumped by 18.5 percent last year, 1.9 percentage points higher over a year earlier, Xie Fuzhan, director of the National Bureau of Statistics, said Thursday.
The industrial output at companies with annual revenue of at least five million yuan (691,600 U.S. dollars) expanded by 17.4 percent in December, compared with 17.3 percent in November.
The output growth rates were 13.8 percent for the state-owned enterprises and those in which the state holds controlling stakes and 17.5 percent for companies invested by foreign, Hong Kong, Macao and Taiwan businessmen, Xie told a press conference in Beijing.
The companies sold 98.1 percent of the goods they produced last year.
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