Industrial output soars by 16.2% in first 2 months

The National Bureau of Statistics said yesterday that industrial output reached 1.1 trillion yuan (US$137 billion) in January and February, as vehicle makers churned out more cars and trucks. "Industrial output growth remains strong," said Zhuang Jian, a senior economist with the Asian Dev...

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Bibliographic Details
Published inChina daily (North American ed.)
Main Author Su, Bei
Format Newspaper Article
LanguageEnglish
Published New York, N.Y China Daily 16.03.2006
EditionNorth American ed.
Subjects
Consumer spending
Economic growth
Economists
GDP
Gross Domestic Product
Industrial production
Li, Niu
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Summary:The National Bureau of Statistics said yesterday that industrial output reached 1.1 trillion yuan (US$137 billion) in January and February, as vehicle makers churned out more cars and trucks. "Industrial output growth remains strong," said Zhuang Jian, a senior economist with the Asian Development Bank's Resident Mission in China. He explained that industrial output is an important indicator for China's economic growth because it contributes about 50 per cent to total gross domestic product (GDP).
ISSN:0748-6154