Industrial output up 11% in 2009

2010-02-26 17:33 BJT

China's industrial output of companies over a designated level rose 11 percent year-on-year in 2009, the National Bureau of Statistics (NBS) said Thursday.

The increase was 1.9 percentage points lower than the same period of 2008.

Compared with the corresponding period of 2008, growth of quarterly value-added accelerated from 5.1 percent in the first quarter of last year, to 9.1 percent in the second quarter, 12.4 percent in the third quarter and to 18 percent in the fourth quarter, said NBS director Ma Jiantang.

The value-added of industry increased 18.5 percent year-on-year in December, compared to year-on-year 19.2-percent growth in November.

China uses the value-added of industry to measure business activities of some 430,000 designated large enterprises, which have an annual turnover of at least 5 million yuan ($732,064).

Editor: Zhang Ning | Source: China Daily