In October this year, China's overall value-added industrial output increased by 7.7 percent year on year, as announced by China's National Bureau of Statistics (NBS) on November 13, with this growth rate 0.3 percentage points higher than the year-on-year increase rate recorded in September. In the January-October period of the current year, China's overall value-added industrial output increased by 8.4 percent year on year.
In October, of the 41 industrial sectors in China, 39 witnessed year-on-year increases in value-added industrial output. In the given month, respective year-on-year increases of 4.7 percent, 7.8 percent, 12.6 percent, 13.2 percent and 8.2 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 October, several product segments indicated year-on-year increases in output, with finished steel output amounting to 95.25 million mt, up 2.0 percent, with aggregate output of 10 non-ferrous metals totaling 3.85 million mt, up 4.8 percent, and with automobile output reaching 2.193 million units, up 6.8 percent, all year on year.
