China's Industrial Output Increases 16.3% in First Half of 2008

---

Researched by Industrial Info Resources (Sugar Land, Texas)--From January to June, China's industrial output from enterprises with annual sales incomes of more than RMB 5 million yuan ($720,000) increased 16.3% compared with the same period last year. The growth rate was 2.2 percentage points lower than the same period last year. The sales ratio of industrial products reached 97.72%, an increase of 0.23 percentage points over the same period last year. Exports reached $555.57 billion, up 17% year over year, the National Bureau of Statistics announced on July 18.

• Textiles: up 12.7%
• Raw chemical materials and chemical products: up 14.2%
• Non-metallic mineral products: up 21%
• Smelting and pressing of ferrous metals: up 14.6%
• Manufacture of general-purpose machinery: up 21.8%
• Manufacture of transportation equipment: up 21.4%
• Manufacture of electromechanical equipment: up 21.3%
• Communication equipment and other electric equipment: up 17.1%
• Production and supply of electric power and heat power: up 11.9%

Major industrial products

• Coal output: 1.26 billion metric tons, up 14.8%
• Crude oil output: 94.33 million metric tons, up 1.7%
• Electricity output: 1.68 trillion kilowatt-hours, up 12.9%
• Pig iron output: 246.42 million metric tons, up 7.9%
• Crude steel output: 263.2 million metric tons, up 9.6%
• Rolled steel output: 299.97 million metric tons, up 12.5%
• Cement output: 650 million metric tons, up 8.7%
• Automobile production: 5.35 million vehicles, including 2.83 million sedans, up 17.6%.

In June 2008, the industrial output of state-owned and non-state-owned enterprises above designated size rose 16% year over year.

Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services.