According to the National Bureau of Statistics, in November, China's value-added industrial output above designated size actually increased by 7.0% year-on-year (the growth rate hereinafter refers to price-adjusted actual growth rate), 0.1 percentage point faster than that of October. It edged up 1.03% from the previous month. And it rose by 2.3% in January-November. By region, in November, the value-added industrial output grew 8.8% year-on-year in eastern regions, 6.7% in the central regions, 5.2% in the western regions and 6.4% 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).

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

Unit:%

The manufacturing output increased by 7.7% year-on-year in November and 2.9% in January-November period. By product, in November, the production of 439 out of 612 kinds of products increased year-on-year. In November, the textile industry’s value-added output upped by 6.5%, while it increased by 0.2% in January-November period. In the output of main products, the output of fabric decreased 4.8% year-on-year to 3.6 billion meters in November and declined by 18.3% to 33.1 billion meters in January-November, while the output of chemical fibers increased 5.1% to 5.74 million tons in November and rose 1.2% to 55.63 million tons in January-November.

The sales-output ratio of industrial enterprises was 98.3% in November, 0.2 percentage point higher than the same period of last year.