Home / Business / News Tools: Save | Print | E-mail | Most Read | Comment
Discrepancy in May data reflects industry restructuring
Adjust font size:

China's National Bureau of Statistics (NBS) on Tuesday attributed a discrepancy between industrial output and power generation growth in May to industrial restructuring and the use of energy-efficient products.

Industrial output expanded 8.9 percent in May from a year earlier, while power generation fell 2.7 percent.

Although the two figures usually track one another, they've begun to diverge as many industries undergo structural change and improve their energy efficiency, the NBS said in an online statement.

Such discrepancies had occurred before, usually when the economy hit a turning point, said the statement.

The statement attributed the faster-than-expected industrial output growth to a rebound in the growth rate of heavy industry, accelerating growth in almost three-quarters of all 39 industrial categories, higher growth rates in 20 of the 31 provincial regions and output gains in quake-hit Sichuan Province.

(Xinhua News Agency June 17, 2009)

Tools: Save | Print | E-mail | Most Read Bookmark and Share
Comment
Pet Name
Anonymous
China Archives
Related >>
- China's economy transforming in green revolution
- China economy to grow 8% this year, says CBRC chairman
- World economy getting worse
June 7 Tokyo 2nd China-Japan High-Level Economic Dialogu

June 30 Shanghai 2009 Automotive Engine Technology Seminar

July 3-4 Beijing Global Think Tank Summit
- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?