China's industrial production pace falls 4.3%

China’s industrial production pace falls 4.3%

Chinese National Bureau of Statistics (NBS) reported that all-state owned industrial enterprises and private enterprises with more than RMB 5 million ($604'120) sales volume obtained RMB 536.7 billion industrial output in March 2005, with 15.1% year on year increase. The figure had shown 19.4% increase in March 2004. With March's figure, the total industrial output of these enterprises reached RMB 1'441.5 billion in the first quarter, with 16.2% year on year increase. The production of pig iron, crude steel and steel products increased 27.3%, 23.8% and 22.4% respectively. The mining equipment and metal rolling equipment production also grew by 25.9% and 38.5% respectively. Industrial exports of the country increased 31.6% year on year, to RMB 947.3 billion.