Added Value of Industrial Enterprises in China Up By 8.9% in May 2009

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Researched by Industrial Info Resources (Sugar Land, Texas)--In May 2009, the added value of industrial enterprises above designated size (all state-owned enterprises and non-state-owned enterprises with an annual sales income over RMB 5 million yuan - $730,000) in China was up by 8.9% year over year, which was 7.1% lower than the same period of previous year, and was 1.6% higher than the previous month, the National Bureau of Statistics of China announced on June 18, 2009.

Click on image at right for an analysis of the growth and output of major Chinese industrial products in May 2009.

In May 2009, the value-added of the light industry reported an increase of 9.7% year over year; that of the heavy industry reported an increase of 8.6% year over year. In view from different industries, the growth rate of textile industry was up by 8.3%; that of manufacture of chemical raw material and chemical products jumped 11.1%; that of non-metal mineral products industry rose 14.7%; that of general equipment manufacturing industry increased 9.3%; that of transportation equipment manufacturing industry was up by 12.8%; that of electric machinery and equipment manufacturing industry jumped 11.2%; that of telecommunication, computer and other electric facilities manufacturing industry increased 4.3%; and that of production and supply of electric power and heat power was up by 1.0%; and that of smelting and pressing of ferrous metals industry increased 2.3% year over year.

In view of main products, the output of crude coal reached 250 million metric tons, up by 9.6% year-on-year; that of crude oil hit 16.032 million metric tons, a drop of 1.1%; that of electricity reached 283.89 billion kilowatt-hours, a drop of 2.7% year-on-year; that of pig iron, crude steel and rolled steel reached 45.426, 46.460 and 57.291 million metric tons, an increase of 6.0%, 0.6% and 7.4% respectively; that of cement amounted to 150 million metric tons, an increase of 13.5%; that of automobiles reached 1.148 million sets, an increase of 29.0%, of which, saloon cars accounted to 608 thousand sets, a jump of 35.0% year over year.

In May 2009, the sales ratio of industrial products was 97.34%, which was 0.49% lower year over year. The export delivery value of industrial enterprises reached 581.36 billion yuan or $84.87 billion, a year-on-year decrease of 15.0%.

From January to May 2009, the accumulative added value of industrial enterprises in China achieved a year-on-year rise of 6.3%, which is 10.0 percent points lower than the same period of previous year. Of which, the value-added of the light industry reported an increase of 7.8%; that of the heavy industry reported an increase of 5.7% year over year.

(Note: based on the exchange rate of $1 = RMB 6.85 yuan)

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