China’s industrial value-added output in the first seven months rose 16.1 pct from a year earlier, the National Bureau of Statistics said.

Industrial value-added output in July was up 14.7 pct year-on-year, the NBS said.

Industrial value-added output in the first half was up 16.3 pct year-on-year, compared with growth of 16.0 pct in June.

In July, output of clothing and textiles was up 10.0 pct year-on-year, while chemicals and chemical products output rose 15.5 pct and ferrous metals and processing output increased 15.5 pct.

Transportation equipment production and electrical machinery production rose 15.8 pct and 17.2 pct, respectively.

Crude oil output in July totaled 16.17 mln tons, up 5.0 pct year-on-year.

Coal production rose 10.9 pct year-on-year to 220 mln tons, while electricity generation was 319.5 bln kilowatt hours (kwh), up 8.1 pct from a year earlier.

Production of raw iron was up 4.9 pct at 41.98 mln tons, crude steel up 7.5 pct at 44.89 mln tons, and steel products up 7.0 pct at 51.01 mln tons.

Cement output was 120 mln tons, up 6.3 pct year-on-year.

Auto production rose 13.2 pct to 757,000 units. Sedans accounted for 413,000 units, up 8.0 pct year-on-year.

The sale-to-production ratio was 98.10 pct, down 0.23 percentage points from a year earlier. Export shipments totaled 697.7 bln yuan in July, up 14.4 pct year-on-year.

(1 usd = 6.85 yuan)

Source: http://www.afxnews.com

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