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China's light industry's gross output up 18.4% in Jan-May

Jul. 4, 2012 (China Knowledge) - Medium and large enterprises in the light industry in China saw their gross output jump 18.4% YoY to RMB 6.69 trillion in the first five months of this year, slowing from a 29.7% growth in the same period of last year, according to figures released by the National Development and Reform Commission.
In May, the industry's gross output grew 15.7% YoY to RMB 1.48 trillion, and the growth rate was 1.2 percentage points lower than that in April.

The exports of the light industry grew 13.42% YoY to US$187.36 billion from January to May, after rising 27.8% in the corresponding period of 2011. The exports of the salt sector fell 18.42% YoY and the exports of hardware products dropped 10.88%.

In the first four months of this year, these medium and large light industrial enterprises realized RMB 5.11 trillion in core business revenue and RMB 281.22 billion in profit, reflecting slower growth of 18.6% and 17.9% YoY, respectively.

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