August 22, 2008

Chinese industrial output in April 2008 up 15.7% YoY

National Bureau of Statistics said that the industrial output of China's major enterprises grew up by 15.7% YoY in April 2008. The figure represents a drop of 2.1 percentage points over the previous month, or a drop of 1.7 percentage points over the same month of last year.

The sales ratio of the enterprises stood at 97.8%, 0.5 percentage points lower than the same period of last year. Delivered exports totaled CNY 659.5 billion in value, up by 15.6% YoY.

Two digit growth in the industrial output was registered in the textile, nonmetal minerals products, ferrous metals smelting and pressing, telecommunications devices, computer and other electronic devices, and chemical materials and related processing industries.

The output of coal rose by 13.9% YoY, crude oil rose by 0.5% YoY, electricity up by 12.8% YoY and rolled steel up by 10.2% YoY. Production of sedans reached 520,000 units in April 2008, an increase of 26.3% YoY.