China's Industrial Added Value Growth Rose 4.8% Last Month
Xu Wei
/SOURCE : yicai
China's Industrial Added Value Growth Rose 4.8% Last Month

(Yicai Global) Aug. 14 -- China's added value of industrial enterprises above the designated size increased 4.8 percent annually in July, down 1.5 percentage points on the growth rate in June, the country's National Bureau of Statistics announced, but without citing the factors causing the drop.

The country's added value of industrial enterprises increased by 5.8 percent annually for the first 7 months, down 0.2 of a percentage point compared with the January to July period.

In July, the added value of these industrial enterprises increased by 0.19 of a percent compared with the month before.

'Designated size' refers to those manufacturers with over CNY20 million (USD2.8 million) in annual operating income.
Editor: Ben Armour

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