The industrial added value of China's major industrial
enterprises grew by 18.5 percent in the first nine months compared
with the same period last year.
The growth rate was the same as the second quarter and 0.2
percentage points higher than the first quarter, National Bureau of
Statistics (NBS) said on Friday.
The added value is officially defined as the industrial output
value minus costs for intangible production, such as marketing,
interest, fixed assets depreciation and maintenance and
repairs.
During the period, 97.85 percent of the output was sold, 0.07
percentage points lower than the same period last year, said the
NBS without elaborating.
Meanwhile, delivered exports totaled 5.22 trillion yuan (US$698
billion), up 21.8 percent.
Industrial added value rose by 16.3 percent in the textile
sector, 24 percent in non-metal minerals products and 22.9 percent
in ferrous metals smelting and pressing.
The output of coal rose by 11 percent from a year earlier while
crude oil rose by 1.4 percent, electricity by 16.4 percent and
rolled steel by 24 percent.
The output of automobiles increased by 23.6 percent to 6.77
million units, of which, that of sedans was up 24.7 percent to 3.61
million units.
Major enterprises are those with an annual sales volume of at
least five million yuan.
(Xinhua News Agency?October 27, 2007)
