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4/16, 4:02 AM (Source: TeleTrader)
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Industrial production in China up 24.1% in Q1

The measure of output in China's industrial sector landed above the estimated number in the first quarter of 2021, growing by 24.1% on an annual basis, the country's National Bureau of Statistics revealed on Friday.

In the three-month period, the state-holding enterprises added 16.9% year-on-year, with the share-holding and private enterprises advancing 23.7% and 29.7% respectively.

Meanwhile, China's industrial production for March disappointed investors' expectations, despite advancing by 14.1% over the year and by a mere 0.6% month-on-month. The figure marks an improvement compared to the 21% increase seen in February.

Breaking the News / NL