By IANS,
Beijing: China’s industrial value-added output year-on-year growth rose to 13.3 percent in November from 13.1 percent in October, the National Bureau of Statistics (NBS) said Saturday.
The growth rate for the first 11 months was 15.8 percent year-on-year, down 0.3 percentage points from the January-to-October period, Xinhua reported citing the NBS.
The industrial value-added output of state-owned and state-holding companies grew 10.9 percent in November and that of collectively-owned and joint-stock enterprises grew 10.8 percent and 14.4 percent, respectively.
Companies with overseas investment posted a rise of 11.7 percent. The heavy industries’ value-added output grew 13.6 percent year-on-year in November, and that of light industries rose 12.7 percent, according to the NBS data.
Industrial value-added output measures the final results of industrial production, which is the value of gross industrial output minus intermediate input such as raw materials and labour.
In November, 407 out of the 503 products monitored by the government posted gains in production volume. Output of crude steel and cement rose 4.8 percent and 17.3 percent respectively from the previous month.
The sales rate of industrial products dropped to 97.5 percent in November, down 0.4 percentage points from the same month last year.
The delivery value of industrial exports rose 20.8 percent year-on-year to 828.7 billion yuan ($125.56 billion) in November.