China 2021-09-19T04:04:29+03:00
Ukrainian news
China's industrial output up 6.4 pct in July

China's industrial output up 6.4 pct in July

China, business, industrial output, PRC, National Bureau of Statistics
China's industrial output. Photo by inhua.
China's industrial output. Photo by inhua.

China's value-added industrial output, an important economic indicator, went up 6.4% year on year in July as production demand continued to recover, data from the National Bureau of Statistics (NBS) showed, according to The Xinhua News Agency reports.

The figure was up 11.5% from the level in July 2019, bringing the average growth for the past two years to 5.6%, NBS data showed.

In the first seven months, industrial output gained 14.4% year on year, resulting in an average two-year growth of 6.7%.

The industrial output is used to measure the activity of designated large enterprises with an annual business turnover of at least 20 million yuan (about $3.09 million).


News

ok