August 10, 2004
China's industrial added value rose 15.5 percent year-on-year to 440.9 billion yuan (US$53.3 billion) in July, 0.7 percentage points lower than in June, the National Bureau of Statistics said Tuesday.
The bureau's monthly report said fast growth was maintained in July in major energy products, raw materials and best-selling consumer goods, though most of them continued to sustain a falling growth rate, compared with the previous month.
The output of raw coal and crude oil grew by 14 per cent and 4.4 per cent, respectively, year-on-year, both indicating a higher growth rate than in June. Electricity output rose by 11.7 per cent, slower than in June.
Crude steel and rolled steel had a yearly growth rate of 20.3 percent and 18.5 per cent respectively, 6.5 and 1.2 percentage points higher than in June.
Auto production in July increased by 5.4 per cent from a year earlier, with sedan production up 0.5 per cent, which represented a fall of 15 and 19.9 percentage points from the previous month.
In the first seven months, China's total industrial value added rose 17.3 per cent year-on-year to 2.93 trillion yuan (US$354 billion), according to statistics of state-owned industrial companies and private industrial companies each with annual sales income exceeding 5 million yuan (US$600,000).
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