China: Industrial economic growth in the first three quarters stood at 6%
2016-10-25
In the first three quarters of this year, above-scale industrial added value increased by 6%, of which 5.8%, 6.1% and 6.1% were the growth of each quarter in 2016. Manufacturing value added increased by 6.9%. Among 41 industrial sectors, 18 industries witnessed accelerated growth rate, and the country has 21 provinces industrial growth faster than the national average.
In the first 8 months this year, the industrial enterprises above the scale of the main business revenue grew by 3.6%, profits grew by 8.4%, of which manufacturing profits grew by 14.1%, reversing the continuously negative growth situation in corporate profits in last year. At present, the positive signal in the economic operation is increasing. Industry cut capacity policy has show preliminary results. Capacity to work in an orderly way, the first three quarters of the iron and steel industry has achieved more than 80% of the annual task, and the steel market prices rose by more than 30% over the previous year, industry is to achieve profitability.