China industrial output expands 6.5 PCT

Added On May 16, 2017

China's value-added industrial output, an important economic indicator, expanded 6.5 percent year on year in April, 0.5 percentage points higher than the same month of last year.
According to the National Bureau of Statistics, or NBS on Monday, industrial production expanded 7.6 percent year on year in March.  
The NBS attributed the monthly slowdown to the International Labor Day holiday-shortened working days in April.
Industrial production expanded 6.7 percent year on year for the first four months.
Industrial output, officially called industrial value added, is used to measure the activity of designated large enterprises with annual turnover of about 3 million U.S. dollars. 
Ownership analysis shows industrial output of state-holding enterprises was up 5.6 percent in April, while output of share-holding enterprises grew about 7 percent.