July 27, 2008

Industrial Output Increasing By Over 16%

Generally for first 6 months of 2008, the industrial output value at 1994 constant prices was estimated increasing by 16.5% against same period last year, of which state owned sector grew by 6.9% (central management rose by 9.5%, local management fell by 0.8%); non-state sector increased by 22.3% and FDI sector by 17.4% (oil and gas fell by 7.9%, others rose by 20.1%). Of the total value, the manufacturing grew by 18.1% over same period last year; the mining fell by 4.2% due to 7.9% decrease in crude oil production, pure coal rose by 8% (which is lower than the growth rate of 12.4% in the same period last year); electricity, gas and water rose by 14%.

Originally published by Info-Prod Strategic Business Information.

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