In August this year, China's overall value-added industrial output increased by 10.4 percent year on year, with the growth rate in question up 0.7 percentage points compared to the year-on-year increase rate recorded in July, as announced by China's National Bureau of Statistics (NBS) on September 10. Meanwhile, in the first eight months of the current year, China's value-added industrial output rose by 9.5 percent year on year.
Of the 41 industrial sectors in China, 39 witnessed year-on-year increases in value-added industrial output in August this year. In the given period, respective year-on-year increases of 13.6 percent, 8.0 percent, 13.9 percent, 12.8 percent and 2.2 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 electrical equipment and machinery sector and in the railway, shipping, aerospace and other transportation equipment manufacturing sector.
In the given month, 305 industrial products saw year-on-year rises in output. China's finished steel output in August totaled 91.94 million mt, up 15.6 percent. Furthermore, domestic automotive vehicle output amounted to 1.796 million vehicles, up 14.8 percent, while passenger car output totaled 1.023 million units, up 11.2 percent, both on year-on-year basis, according to the data issued by the National Bureau of Statistics.