According to the National Bureau of Statistics, in December 2019, China's value-added industrial output above designated size actually increased by 6.9% year-on-year (the growth rate hereinafter refers to price-adjusted actual growth rate), 0.7 percentage points higher than that of November. It edged up 0.58% from the previous month. And it rose by 5.7% in January-December. By region, in December, the value-added industrial output grew 6.9% year-on-year in eastern regions, 6.7% in the central regions, 7.8% in the western regions and 9.0% in the northeast.

Industrial output, officially called industrial value added, is used to measure the activity of certain large enterprises with annual turnover of at least CNY 20 million (about US$ 2.9 million).

The Growth Rate of China's Value-added Industrial Output Above Designated Size

The manufacturing output increased by 7.0% year-on-year in December and 6.0% in 2019. In December, the textile industry's value-added output upped by 0.2%, while it increased by 1.3% in January-December period. By product, in December 2019, the production of 365 out of 605 kinds of products increased year-on-year. In the output of main products, the output of fabric declined by 13.1% year-on-year to 4.1 billion meters in December and decreased by 5.9% to 45.7 billion meters in January-December, while the output of chemical fibers surged 9.3% to 5.37 million tons in December and rose 12.5% to 59.53 million tons in January-December.

Source: CHINA TEXTILE LEADER Express