Apr. 13, 2012 (China Knowledge) - The value-added industrial output of medium-and large-sized enterprises in China rose 11.9% year on year in real terms in March this year, accelerating from an 11.4% growth in the first two months, said the National Bureau of Statistics
The value-added output of heavy industry increased 11.2% year on year last month, while that of light industry rose 13.9%.
In March, the value-added industrial output of state-owned or state-funded enterprises rose 8.0%, while the value-added industrial output of collective enterprises increased 9.3% and that of joint-stock enterprises increased 13.7%.
All of the 41 industrial sectors saw increases in value-added output. Value-added output increased 16.9% year on year in the textile industry, increased 12.6% in the chemical raw material and chemical product industry, increased 13.2% in the non-metal mineral product industry, increased 9.8% in the general-purpose equipment industry, increased 10.9% in the auto manufacturing sector and increased 12.2% in the telecom equipment, computer and electronics industry.
Industrial enterprises saw sales-to-output ratio fell 0.6 percentage points to 97.3% in March.
In the first quarter, the country's value-added industrial output increased 11.6% year on year.
Medium-and large-sized industrial enterprises in China realized RMB 606 billion in profit in the first two months, reflecting a decrease of 5.2% year on year.