The Growth Rate of Textile Industry Increased 17.3 percent in May
Source: Gracie Guo, CNTEX Date: 2007-06-27
According to National Bureau of Statistics of China, the value-added of the industrial enterprises above designated size (all state-owned enterprises and non-state-owned enterprises with an annual income over 5 million yuan) increase of 18.1 percent in May year-on-year. The sales ratio of industrial products was 98 percent, up by 0.1 percentage point over the same month of last year. The export delivery value of industrial products reached 576 billion yuan, rose by 19.9 percent.
In terms of main sectors, the growth rate of textile industry increased 17.3 percent, that of raw chemical materials industry and chemical products industry, non-metal mineral products industry, smelting and pressing of ferrous metals industry expanded 20.7, 24.7 and 23.5 percent respectively; that of general purpose machinery, transportation equipment manufacturing industry, electrical machinery and equipment jumped by 20.6, 27.1 and 23.5 percent respectively; that of manufacture of communication equipment, computers and other electric equipment increased 13.4 percent; and that of production and supply of electric power and heat power expanded 15.9 percent.
From January to May, the accumulated value-added of industrial enterprises above designated size increased 18.1 percent over the same period of the previous year.
