China's Industrial Output Growth Up As Exports Jump

Output grew 14.9%
Dec. 13, 2006

Booming exports helped China's industrial output pick up slightly in November after it hit the lowest growth rate for the year in October, official data showed Dec. 13. Industrial output, a key measure of the temperature of the world's fourth-largest economy, grew 14.9% last month compared with a year earlier, the National Bureau of Statistics said.

In the first 11 months of the year, industrial production rose 16.8% compared with the same period in 2005, according to an NBS statement.

Growth in China's industrial output had seen a general weakening after it peaked at 19.5% in June, slowing to 14.7% in October, according to previously released figures.

The slight rebound in November could reflect a gradual recovery among Chinese enterprises from the initial impact after the government introduced curbs on the construction sector mid-year, according to economists.

China maintained its status last month as supplier to the world, with industrial exports rising 20.6% from a year earlier to 550.6 billion yuan (US$70 billion.)


Copyright Agence France-Presse, 2006

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