In August this year, China's overall value-added industrial output increased by 6.3 percent year on year, with this growth rate 0.3 percentage points higher than that recorded in July, as announced by China's National Bureau of Statistics (NBS). Meanwhile, in the January-August period of the current year, China’s overall value-added industrial output increased by six percent year on year.
In August this year, of the 41 industrial sectors in China, 33 witnessed year-on-year increases in value-added industrial output. In the given month, respective year-on-year increases of 5.7 percent, 21.4 percent, four percent and 8.6 percent were recorded in value-added industrial outputs in the general purpose machinery sector, the automotive sector, the railway, shipping, aerospace and other transportation equipment manufacturing sector, and the electrical equipment and machinery sector, while the ferrous metal smelting and rolling sector saw a year-on-year decrease of 1.7 percent in value-added industrial output.