国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Macro

China's industrial output slows to 7.7% in Oct

(Xinhua) Updated: 2014-11-13 14:00

China's industrial output slows to 7.7% in Oct

BEIJING - China's industrial output grew 7.7 percent year on year in October, down from an 8-percent increase in September, official data showed on Thursday.

On a month-to-month basis, industrial output in October rose 0.52 percent from the previous month, lower than the 0.91-percent growth recorded in September, the National Bureau of Statistics (NBS) said in a statement.

For the first 10 months, industrial production growth decelerated to 8.4 percent year on year, down 0.1 percentage points from the first nine months of 2014, the NBS said.

October's industrial output growth was 0.3 percentage points lower than the market consensus projection, said Bob Liu, analyst at the China International Capital Corp (CICC).

Industrial output growth has decelerated notably in the last three months. October's growth rate was the second lowest monthly reading since April of 2009, only after that of August this year.

In August, year-on-year industrial output growth tumbled to 6.9 percent, raising market concerns that the "world's factory" was losing growth momentum.

China uses industrial production, officially called industrial value added, to measure the business activities of designated large enterprises, each with annual turnover of at least 20 million yuan ($3.25 million).

Industrial production accounted for 44.2 percent of China's total GDP in the first nine months of 2014, making it one of the best leading indicators for China's GDP growth.

China's gross domestic product expanded at a slower pace of 7.3 percent in the third quarter of this year, but still remained within the "reasonable range" set by policymakers.

October's industrial output growth deceleration was offset by stronger output of motor vehicles and transportation equipment for railways and shipbuilding, which grew 12.6 percent and 13.2 percent, respectively, NBS data showed.

Production of the telecommunication and computer sector, which registered a sharp acceleration of 16.6 percent in September, continued expanding at a relatively fast pace, at 12.2 percent in October.

Owing to a 5.8-percent contraction of power output by coal-fired plants, growth of total power generation slowed to 1.9 percent year on year last month, down notably from the 4.1-percent increase in September, NBS data showed.

Liu of CICC warned that China's industrial output is likely to slow further in November because of restrictions placed on factories and construction in Beijing and neighboring regions to keep the air clean during the APEC week, which ended on Nov. 11.

The impact of the APEC restrictions could be "significant" with six provinces and cities involved, according to the Beijing-based financial firm Gaohua Securities.

During the APEC week, China hosted a series of meetings from Nov 5 to 11. The APEC Economic Leaders' Meeting was held in Beijing from Nov 10 to 11.

 

Hot Topics

Editor's Picks
...
瑞金市| 民勤县| 长乐市| 台江县| 平安县| 开江县| 合山市| 宝丰县| 蛟河市| 中宁县| 会东县| 栖霞市| 广平县| 罗平县| 南平市| 河北区| 盐边县| 兰西县| 延边| 宣汉县| 沭阳县| 陇南市| 蕲春县| 镇赉县| 中江县| 临猗县| 衡阳县| 涞源县| 宝丰县| 景洪市| 南丰县| 宁南县| 武川县| 郓城县| 吴堡县| 太仓市| 长宁县| 霸州市| 和平县| 泾川县| 卢龙县|