China’s Q1 industrial output growth slows

Beijing, April 15 (IANS) China’s industrial value-added output growth eased to 9.5 percent year on year in the first quarter of 2013, down 2.1 percentage points from the same period last year, according to new official data.

The pace was also 0.5 percentage points slower than the full-year growth registered in 2012, the National Bureau of Statistics (NBS) said in a statement on its website Monday.

The March output in the industrial sector added only 0.66 percent from the level of February.

Value-added industrial output measures the final output value of industrial production, or the value of gross industrial output minus intermediate input, such as raw materials and labour costs.

In March, China’s heavy industries expanded 9.1 percent year on year, while light industries increased 8.2 percent from a year earlier.

Analyzed by ownership, growth of state-owned enterprises faltered in March, expanding only 4.3 percent, while stock-holding companies posted the fastest growth of 11 percent, compared with 5.8 percent for collectively owned companies and 6.1 percent for overseas-funded companies.

All 41 sectors tracked by the NBS saw output growth in March, but the electricity and heating sector, which is used by many analysts as a key indicator of economic vitality, registered an output growth of only 1.4 percent.

Electricity rose 2.1 percent from a year earlier to 419.4 billion kilowatt hours in the month.

The opinions, beliefs and viewpoints expressed by authors, news service providers on this page do not necessarily reflect the opinions, beliefs and viewpoints of Hill Post. Any views or opinions are not intended to malign any religion, ethnic group, club, organization, company, or individual. Hill Post makes no representations as to the accuracy or completeness of any information on this site page.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.