Added Value of Industrial Enterprises in China up 17.9% in October

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Researched by Industrial Info Resources (Sugar Land, Texas)--The added value of industrial enterprises above designated size (all state-owned enterprises and non-state-owned enterprises with annual sales income of more than $671,000) achieved a year-over-year rise of 17.9% in October. The sales ratio of industrial products was 98.3%, an increase of 0.04 percentage points over the same month last year. Industrial enterprises achieved a total export delivery value of $88.2 billion, a year-over-year rise of 18.5%, the National Bureau of Statistics of China announced on November 15, 2007.

Main sectors

The growth rate of manufacturing in several sectors increased:

•Textiles: 15.3%

•Raw chemical materials and chemical products: 19.1%

•Non-metallic mineral products: 22.7%

•Smelting and pressing of ferrous materials: 17.8%

•General-purpose machinery: 23.4%

•Transportation equipment: 24.8%

•Electromechanial equipment: 23.7%

•Communication equipment, computers and other electronics: 18.9%

•Production and supply of electric power and heat power: 13.1%

Major industrial products

•Coal: Reached 199 million metric tons, up 4% year over year

•Electricity: Reached 272.8 billion kilowatt-hours, up 13.9% year over year

•Crude oil output: Reached 15.81 million metric tons, up 1.9% year over year

•Pig iron output: Reached 40.84 million metric tons, up 13.2% year over year

•Crude steel output: Reached 42.92 million metric tons, up 13.5% year over year

•Rolled steel output: Reached 49.08 million metric tons, up 17% year over year

•Cement output: Reached 124 million metric tons, up 9.8% year over year

•Automobile output: Reached 752,000 units, up 24.3% year over year, including 394,000 vehicles with a growth rate of 25.7% over the same month last year.

From January to October, the accumulated added value of industrial enterprises above designated size increased 18.5% year over year.

(Based on the exchange rate of 1 U.S. dollar = RMB 7.45)

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