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9/15/2023, 4:02 AM (Source: TeleTrader)
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China's industrial output grows 4.5% in August

China's industrial production increased 4.5% in August compared to the same month in 2022, the National Bureau of Statistics said on Friday. The industrial output beat expectations, rising by 0.5% from July.

Manufacturing was among the best-performing industries in August, expanding by 5.4% year on year, followed by a 2.3% jump in the mining sector, while the production and supply of electricity, thermal power, gas, and water grew by 0.2%.

In terms of individual products, the output of solar cells and service robots skyrocketed by 77.8% and 73.7% respectively.

Baha Breaking News (BBN) / AB