According to the National Bureau of Statistics large scale industrial enterprises in China recorded a 13.5%YoY rise in value added output in August.

During the first eight months, industrial value added output rose 14.2%YoY. The value added of state owned and state controlled enterprises rose 9.4%YoY in August while that of foreign enterprises and enterprises funded by Hong Kong and Macao rose 10%.

The value added of the textiles, chemicals, non-ferrous metals, machinery manufacturing, electronics manufacturing and power and heat supply sectors respectively rose 7.6%YoY, 13.9%YoY, 17.6%YoY, 13.4%YoY, 16.9%YoY and 7.7%YoY in August.

Power generation totalled 42.6 tWh in August with daily power generation up 10%YoY to 13.7 tWh. Steel and cement production in August totalled 77 million tons and 182.43 million tons with respective daily volumes of 2.48 million tons and 5.88 million tons up by 12.9%YoY and 12.8%YoY.

Crude oil processing volume totalled 36.78 million tons in August, with daily volume of 1.19 million tonnes up by 4.5%YoY. Automobile production totalled 1.45 million vehicles in August with daily production volume of 47,000 vehicles up by 9.5%YoY.

The sales-production ratio of industrial enterprises dropped 0.2 percentage point YoY to 98.2% in August. The export delivery value rose 17.2%YoY to CNY 88.87 million in August.

(Sourced from www.capitalvue.com)