Fastener Shanghai
fastener
fastenerHomefastener
fastener
fastenerNewsfastener
fastener
fastenerfastenerBuyers' Guidefastener
fastener
fastenerStandard Searchfastener
fastener
fastenerFor Buyersfastener
fastener
fastenerFor Suppliersfastener
fastener
fastenerMagazinefastener
fastener
fastenerTrade Showsfastener
fastener
fastenerMy Officefastener
fastener
fastenerPost Inquiriesfastener
Home->Fastener News->China's industrial output expands 6% in 2016You are the 313477 visitors
Views:1134   |   recommendation:   |   Votes:0   |   Discuss:0
China's industrial output expands 6% in 2016

BEIJING - China's industrial output expanded 6 percent year-on-year in 2016, thanks largely to strong performance in the high-tech industry, official data showed Friday.

The growth rate was the same as in the first three quarters, official figures showed.

Industrial output, officially called industrial value added, is used to measure the activity of designated large enterprises with annual turnover of at least 20 million yuan (about $2.9 million).

In December, the total value added of the designated industrial enterprises was up by 6 percent year-on-year, or 0.46 percent month-on-month, the data showed.

Industrial output in the high-tech industry surged 10.8 percent year-on-year, 4.8 percentage points faster than growth in the secondary industry, accounting for 12.4 percent of the designated industrial enterprises, 0.6 percentage points more than the previous year.

Mining output dropped 1 percent, while manufacturing output increased 6.8 percent. The output for electricity, thermal power, gas and water grew 5.5 percent.

Ownership analysis showed that industrial output of state-holding enterprises was up 2 percent, while share-holding enterprises output grew 6.9 percent. Meanwhile, industrial output of enterprises funded by overseas investors increased 4.5 percent.

From January to November, total profits of designated large enterprises reached 6.0334 trillion yuan, up 9.4 percent year-on-year. The growth rate was 1 percentage point faster than that in the first three quarters, the data showed.

China's industrial production grew steadily with rising profits for enterprises, according to the NBS.

Amid the drive to restructure and optimize industry, the country aims to reduce overcapacity in traditional sectors such as iron and steel while facilitating growth in emerging areas.

The industrial output figures were released by the NBS along with a slew of other major economic indicators for December, and 2016.

China's economy grew 6.7 percent year-on-year in 2016, the slowest pace of growth in 26 years, but well within the government's target range.

Source: Xinhua

2017/1/22 10:49:00

Previous:    NORMA Group Acquires Portuguese Metal Clamp Manufacturer Lifial
        Next:    EJOT acquires Finnish company Sormat

Recent Related News

Vote for this news?

fastener(Very Good)
fastener(Good)
fastener(Normal)
fastener(Bad)
fastener(Very Bad)


Discuss
More Discuss...
Your Name: Anonymous

Enter the code shown:fastener6fastener

Fastener Shanghai


China Fastener Directory
Get it FREE!
fastener
Get your CFD at the following shows:

• WIN EURASIA Metalworking, Mar 15-18, 2018, Turkey

•Taiwan International Fastener Show, Apr 10-12, 2018, Taiwan

•Fastener Fair USA, Apr 11-12, 2018, USA

•M-Tech Nagoya, Apr 11-13, 2018, Japan

•wire & Tube Düsseldorf, Apr 16-20, 2018, Germany



Show Room



Offer Product

Latest News
• China plans to industrialize smart car technology

• Fastenal Sales And Profits Soared In 2017 On Vending, Onsite

Buyers' Guide
Company News

• microGLEIT Technology: A German Professional Lubrication Solution Provider

• Market-Oriented, Your One-Stop Supplier of Stainless Steel Fasteners—Dongtai Huawei Standard Component Corporation

The Way to Enter Chinese Market
The Way to Enter Chinese Market


fastener