The growth is up 0.1 percentage point from that recorded in September
In recent months, China’s growth has seen a slowdown in production. According to the National Bureau of Statistics (NBS), China’s value-added industrial output, an important economic indicator, saw slightly faster growth in October than the previous month.
Always according to the data, the output expanded 5.9 percent year-on-year last month, up 0.1 percentage point from that recorded in September and, on a monthly basis, output in October grew 0.48 percent from September, the NBS figures showed.
Industrial output rose 6.4 percent, flat with that for the first nine months
Regarding the individual sectors and industries, according to the data the output of strategic emerging industries increased 10.1 percent, up 1.7 percentage points and high-tech manufacturing output grew 12.4 percent year on year in October, up 1.2 percentage points from September.
To confirm this is Liu Aihua, an NBS spokesperson, who added: “The industrial production continued to move up to medium and high ends”. Liu also explained that industrial output, officially called industrial value added, is used to measure the activity of designated large enterprises with an annual turnover of at least 20 million yuan.
“The industrial production was stable with slight improvement,” Liu said
The NBS data did not just talk about growth, but also about China’s investments. According to data, China’s fixed-asset investment rose 5.7 percent in the first 10 months of the year, accelerating from 5.4 percent for Jan-Sept period.
Going to examine the individual industries, investment in infrastructure increased 3.7 percent in the first 10 months, slightly up from 3.3 percent for Jan-Sept period. Fixed-asset investment in high-tech manufacturing and equipment manufacturing jumped 16.1 percent and 11.1 percent during the period.
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