In March this year, China's overall value-added industrial output increased by 8.8 percent year on year, as announced by China's National Bureau of Statistics (NBS) on April 16, with this growth rate 0.2 percentage points higher than that recorded in the January-February period of the current year. In the first quarter, China's overall value-added industrial output increased by 8.7 percent year on year.
In March, of the 41 industrial sectors in China, 40 witnessed year-on-year increases in value-added industrial output. In the given period, respective year-on-year increases of 7.9 percent, 10.7 percent, 11.7 percent, 6.7 percent and 10.4 percent were recorded in value-added industrial outputs in the ferrous metal smelting and rolling sector, 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.
Meanwhile, in March, several product segments indicated year-on-year increases in output, with finished steel output amounting to 95.07 million mt, up 5.0 percent, with aggregate output of 10 non-ferrous metals totaling 3.54 million mt, up 7.1 percent, and with automobile output reaching 2.363 million units, up 7.3 percent, all year on year.
