China's industrial output rose by 8.8 per cent year-on-year in October 2001, significantly lower than the 10.5 per cent reported for September. The year-on-year rise over the first 10 months of the year was 10.2 per cent, having been boosted by stronger expansion in the first half of the year. Output of state firms was 6.5 per cent higher than a year earlier, while output of foreign-invested enterprises was 11.1 per cent higher.
Industrial product prices ex-factory fell by 3.1 per cent year-on-year in October, having fallen by 2.9 per cent in September, South China Morning Post said. The greatest fall was in oil products. Crude oil prices were 21.1 per cent lower in October than in the same month of 2000, while petrol prices fell by 13.1 per cent and diesel by 11.9 per cent.