According to the National Bureau of Statistics, in May, China's value-added industrial output above designated size actually increased by 4.4% year-on-year (the growth rate hereinafter refers to price-adjusted actual growth rate), 0.5 percentage point faster than April 2020. It edged up 1.53% from the previous month. In the first five months, China's value-added industrial output above designated size actually declined by 2.8% year-on-year. By region, in May, the value-added industrial output grew 4.9% year-on-year in eastern regions, 4.2% in the central regions, 5.4% in the western regions and 7.0% in the northeast. And the sales-output ratio of industrial enterprises was 97.8%, unchanged from the same period of last year.

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 manufacturing output increased by 5.2% year-on-year in May. While from January to May, the manufacturing output decreased by 2.8% year-on-year. In May, the textile industry's value-added output upped by 4.3%, while it declined by 6.7% in January-May period. By product, in the first two months, the production of 344 out of 612 kinds of products increased year-on-year. Thereinto, the output of fabric declined 19.6% year-on-year to 3.2 billion meters in May and dropped by 27.6% to 13.8 billion meters in January-May, while the output of chemical fibers surged 3.6% to 5.37 million tons in May and decreased 3.2% to 22.94 million tons in January-May.

Source: CHINA TEXTILE LEADER Express