China's industrial output up 24.5% in Q1

minutes 2021/04/16 05:55:26

Apr 16, 2021 (China Knowledge) - China’s National Bureau of Statistics (NBS) data today shows China's value-added industrial output, an important economic indicator, went up 24.5% YoY in the first quarter this year as factory activities continued to pick up.

The NBS said that industrial output went up 2.01% on a quarter-on-quarter basis while in March alone, it rose 14.1% YoY.

Output by major industrial firms increased by 14% compared with the Q1 of 2019, resulting in an average YoY Q1 growth of 6.8% over the past two years.

The industrial output is used to measure the activity of designated large enterprises with an annual business turnover of at least RMB 20 mln.

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