Beijing: China’s value-added industrial output grew by 6.5 percent year on year in September, according to official data released on Monday. This marks an acceleration from the 5.2 percent increase recorded in August, as reported by the National Bureau of Statistics.
According to Emirates News Agency, during the first nine months of the year, China’s industrial output saw a rise of 6.2 percent when compared with the same period last year. Industrial output is an indicator of the activity of large enterprises, each with an annual main business turnover of at least 20 million yuan (approximately US$2.82 million).
A breakdown of the data revealed that the manufacturing sector’s value-added output increased by 7.3 percent year on year in September. In contrast, the mining sector experienced a growth of 6.4 percent. Additionally, the value-added output of the electricity, heat, gas, and water production and supply sector rose by 0.6 percent.