China's industrial output in June increased by 12.4 per cent year-on-year, according to National Bureau of Statistics figures. The increase for the first half of 2002 was 11.7 per cent. The growth rate is higher than the 9 per cent target for the whole of 2002 set by the State Economic and Trade Commission at the start of the year.
The bureau said that growth was led by the electronics, communications and automotive industries. Production of computers in June was nearly three times higher than a year earlier, while mobile phone output climbed by 33 per cent. Auto production rose by 34 per cent, with passenger cars soaring 47 per cent and freight vehicles by 48 per cent.