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8/14, 4:01 AM (Source: TeleTrader)
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China's industrial output advances by 4.8% in July

The industrial output of China grew by 4.83% annually in July, lower than expected 6.0%, the country's National Bureau of Statistics announced. The increase was also lower than the 6.3% jump in June.

In the first seven months, the total value added of the industrial enterprises above the designated size grew by 5.8%. Mining sector increased its output by 6.6% year on year, the manufacturing grew by 4.5% and the production and supply of electricity, thermal power, gas and water grew by 6.9%. The value added of high-tech manufacturing grew by 6.6%.

The state-owned holding companies production rose by 3.7% year-on-year, share-holding enterprises' output grew by 6.1% while the value of foreign-invested enterprises from Hong Kong, Macao, and Taiwan dropped by 0.2%.

Breaking the News / KP