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Added value of textile sector up for 4th consecutive month
21
Sep '09
The National Bureau of Statistics released the August national data on key indicators of the economy. The data reveals that industrial added value of big and major enterprises increased by 12.3 percent in August, down 0.5 percent year-on-year, but up 1.5 percent from July.

This reflects an accelerated rate of year-on-year growth for four consecutive months; annual increase was 8.1 percent in January to August, 7.6 percent lower, when compared with a year earlier, but grew by 0.6 percent when corresponded with the period January to July.

From within the sectors, all of 39 major industries maintained growth in August. Amongst them, textile industry grew by 9.8 percent, chemical raw materials and chemical product industry by 18.2 percent, non-metallic mineral product industry increased by 17.3 percent and general equipment manufacturing industry increased by 12.0 percent.

Other sectors like, transport equipment manufacturing industry increased 26.7 percent, electrical machinery and equipment manufacturing industry 13.0 percent, communication equipment, computer and other electronic equipment manufacturing industry 4.8 percent, and ferrous metal smelting and rolling processing industry increased 13.3 percent.

Fibre2fashion News Desk - China

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