China's industrial output up 6 pct in August

2017-09-14 06:51:16 GMT2017-09-14 14:51:16(Beijing Time) Xinhua English

BEIJING, Sept. 14 (Xinhua) -- China's value-added industrial output grew 6 percent year on year in August, compared with a 6.4 percent increase in July, the National Bureau of Statistics said Thursday.

On a monthly basis, industrial production edged up 0.46 percent in August compared to July.

The industrial output of state-holding enterprises rose 7.8 percent, while share-holding enterprises declined 2.1 percent and overseas-funded enterprises increased 7.9 percent.

For the first eight months, industrial production expanded 6.7 percent, a notch below the 6.8 percent growth registered in the first seven months.

Industrial output, officially called industrial value added, is used to measure the activity of designated large enterprises with annual revenue of at least 20 million yuan (nearly 3 million U.S. dollars).

 

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