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8/14, 4:00 AM (Source: TeleTrader)
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Industrial production in China unchanged in July

China's industrial production in July remained on the level seen in the previous month, but marked an increase of 4.8% compared to the last year's data, the country's National Bureau of Statistics revealed on Friday.

In the first six months of the year, the measure of output of the industrial sector shrank by 12.8 percentage points on an annual basis.

According to the report, both private and share-holding enterprises went up by 4.2% year-on-year, while state holding enterprises advanced by 4.1%. When it comes to sectors, the largest increase was seen in equipment and high-tech manufacturing, which added 13% and 9.8%, respectively.

Breaking the News / NL