Latest statistics from the National Bureau of Statistics (NBS) show
that in the first half of this year, China's industrial sector
enjoyed an 11 percent growth on a year-on-year base.
The NBS report attributed the rapid growth to China's continual
policy of expanding domestic demand in the period.
Statistics show that in the January-June period, the industrial
sector registered 1,281.1 billion yuan (US$154.33 billion) in added
value. In June, the value-added stood at 239.8 billion yuan, up
10.1 percent over the same period of last year.
State-owned companies registered a 9.5 percent of growth in the
first six months but the report noted that foreign-funded companies
contributed the lion's part to the industrial growth.
The report said that stimulated by the policy of expanding domestic
demand, basic and upriver products are in high demand, which
promoted the rapid development of heavy industry. In the first six
months of this year, the heavy industry enjoyed a 12.7 percent
growth while the light industry witnessing a 9.2 percent rise.
Manufacturing of electronics and telecommunication equipment,
metallurgy, and transport equipment manufacturing are the major
contributor to the industrial growth, said the report.
In
the first half of this year, 96.75 percent of products are sold
out, said the statistics. The figure is 0.12 percentage points
lower than that in the same period last year.
The government continued a policy of production control in
industries like coal, metallurgy, building material and
petrochemical industries this year, which helped further readjust
its industrial structure.
In
the January-June period, industrial sector exported 708.5 billion
yuan-worth goods, up 11.1 percent on a year-on-year base. But the
growth rate is 16.1 percentage points lower than in the same period
last year.
The report summarized that the fast growth of industrial sector in
the first half of this year has set a good foundation for the
economic development for the whole year. It admitted that the
industrial growth rate in the second half of this year may slow
considerably due to a downward trend of export growth and the
higher base in the second half of last year.
(Xinhua News Agency 07/10/2001)
