Industrial output rises fastest in 3 years

Updated 2017-07-26 10:15:27 Shanghai Daily

China's industrial output grew the fastest over the past three years due to the country's restructuring and upgrading, the Ministry of Industry and Information Technology said yesterday.

Industrial output expanded 6.9 percent from a year ago in the first six months, the quickest since 2014, said Zheng Lixin, a ministry spokesman, adding that the growth resulted from supply-side reform and technology upgrading, "which also boosted industrial profit."

By the end of June, China has cracked down on "ditiaogang" — low quality steel made from scrap steel — and cut overcapacity in industries like cement and aluminum.

Industrial upgrading and restructuring has created advanced industries and boosted industrial growth, Zheng said.

Electronics and equipment manufacturing led the industrial growth over the first half, with their output surging 13.9 percent and 10.9 percent year on year respectively.

Meanwhile, revenue of domestic industrial firms rose 13.5 percent over the first half year from a year ago — 10.6 percentage points higher than last year — while profit surged 22.7 percent annually — 11.6 percentage points faster from the same period last year.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58August 19 2017 23:00:19

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16August 19 2017 23:00:19

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18August 19 2017 23:00:19

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords