China’s value-added industrial output, an important economic indicator, went up 4.5% year on year in August, data from the National Bureau of Statistics (NBS) showed. From January to August, industrial output rose 3.9% year on year, according to the NBS.

The industrial output is used to measure the activity of enterprises each with an annual main business turnover of at least CNY 20 million (about US$ 2.79 million).

The manufacturing output increased by 5.4% year-on-year in August and 4.3% in the first eight months. In August, the textile industry’s value-added output increased by 1.4%, while it decreased by 1.6% in the January-August period.

By product, in August, the production of 356 out of 620 kinds of products increased year-on-year. In the output of main products, the output of fabric dropped 2.2% year-on-year to 2.6 billion meters in August and decreased by 4.6% to 20.2 billion meters in the January-August period, while the output of chemical fibers surged 17.3% to 6.35 million tons in August and rose by 6.9% to 46.2 million tons in the January-August period.

Source: CHINA TEXTILE LEADER Express