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China’s industrial output rises 4.9% in October

nabil bank

Beijing. China’s industrial output rose 4.9 percent year-on-year in October, according to official data. In the first 10 months of this year, China’s industrial output rose 6.1 percent compared with the same period last year, according to the National Bureau of Statistics.

Industrial production is used to measure the activities of large enterprises, whose annual main business turnover must be at least 200 million yuan (about 28 million U.S. dollars).

According to the data, the value-added production of the construction sector increased by 4.9 percent in the last month, while the mining sector increased by 4.5 percent. Electricity, gas and water production and supply added production increased by 5.4 percent.

Prabhu
sikhar insurance

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