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China Industrial Output Rises 10.2 Percent in May

China's value-added industrial output in May rose 10.2 percent from a year earlier to 227.9 billion yuan (US$27.5 billion), the National Bureau of Statistics said.

Value-added industrial output in the five months to May rose 11.1 percent from a year earlier to 1.04 trillion yuan (US$125.3 billion).

Industrial exports in May rose 8.2 percent from a year earlier to 122.8 billion yuan (US$14.80 billion). The growth rate was 2.7 percentage points lower than for April.

State-owned and controlled enterprises achieved value-added output worth 128.9 billion yuan (US$15.53 billion) in May, 8.8 percent up from a year earlier compared to 10.7 percent growth in April.

Output from foreign-invested enterprises in May amounted to 54.6 billion yuan (US$6.58 billion), up 12 percent from a year earlier, down from growth of 14.3 percent in April.

Meanwhile, output growth from listed companies remained steady at 11.5 percent, reaching 69.8 billion yuan (US$8.41 billion).

Some industries saw a sharper growth slowdown in May with coal output growth falling 3.9 percentage points from April to 7.4 percent, and iron and steel output growth dropping 2.2 percentage points, the report said.

The auto industry also saw a slump in growth with production growing 3.3 percent year-on-year but falling 16.4 percent compared with April, it added.

Textile production was also hit by slowing export growth, dropping to 8.3 percent compared with 16.2 percent growth in April, the bureau said.

(China Daily 06/11/2001)

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