China Economic Review
Charting China’s changing economic terrain · Since 1990
Industrial output up 8.1% in first eight months
September 29, 2009
The Ministry of Industry and Information Technology (MIIT) reports China’s industrial output rose 8.1% in the first eight months from the same period last year.
In August alone, China’s industrial output expanded 12.3% year on year.
The growth rate was the largest since September last year when the global economic slowdown hit China.
China View reports that China’s exports in August dropped 23.4% year on year, indicating the country still faced a tough siituation in exports.
China had RMB662.4 billion ($96.98 billion) of industrial investment in August, up 23.1% year on year. Total industrial investment was RMB4.73 trillion in the first eight months, up 26.6% year on year.