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China's value-added industrial output up 9.6% in Oct

Nov. 12, 2012 (China Knowledge) - The value-added industrial output of medium-and large-sized enterprises in China rose 9.6% YoY in real terms in October this year, higher than a 9.2% growth in September, said the National Bureau of Statistics.

The value-added output of heavy industry increased 9.7% YoY last month, while that of light industry rose 9.1%.

In October, the value-added industrial output of state-owned or state-funded enterprises grew 7.0%.The value-added industrial output of collective enterprises increased 5.1% and that of joint-stock enterprises increased 4.7%.

All of the 41 industrial sectors saw increases in value-added output last month. Value-added output increased 11.9% YoY in the textile industry, increased 11.9% in the chemical raw material and chemical product industry, increased 11.0% in the non-metal mineral product industry, increased 12.6% in the ferrous metal smelting and processing industry, increased 7.1% in the general-purpose equipment industry, increased 5.9% in the auto manufacturing sector and increased 10.1% in the telecom equipment, computer and electronics industry.

Industrial enterprises saw sales-to-output ratio fall 0.2 percentage points from a month earlier to 98.1% in October.

In the first ten months, the country's value-added industrial output increased 10.0% YoY.

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