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4/17, 4:02 AM (Source: TeleTrader)
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Industrial production in China up 8.5% in March

China's industrial production was up 8.5% on a yearly basis in March, beating expectation of 5.9%, according to the National Bureau of Statistics. Year to date, industrial production grew 6.5%, lower than expected 8.3%.

The added value of the mining industry grew by 2.2 %, while manufacturing increased by 7.2%. The production and supply of electricity, thermal power, gas and water was up by 7.1% on a yearly basis.

Also, the value added of the state holding enterprises was up by 4.5% compared to the previous year, share-holding enterprises increased production by 7.8 percent while enterprises funded by foreign investors or investors from Hong Kong, Macao and Taiwan saw their production rise by 1.4 percent.

Breaking the News / KP