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Chinese Market Update - December 2009

Chinese Economy in November 2009
(National Bureau of Statistics of China)

The growth of industrial production continued to speed up.
In November, the total value added of the industrial enterprises above designated size was up 19.2 percent year-on-year, or 13.8 percentage points higher than that in November 2008, or 3.1 percentage point higher than that in October 2009; it was the seventh consecutive month which witnessed an acceleration of year-on-year growth. In the first eleven months of this year, it was up 10.3 percent year-on-year, which was down by 3.4 percentage points over that in the same period of last year, or 0.9 percentage points higher than that in the first ten months in 2009.

Grouped by different sectors, in November all the 39 industrial divisions kept year-on-year growth. Of this total, the growth of textile industry was 11.2 percent; the manufacture of raw chemical materials and chemical products, up by 30.7 percent; the manufacture of non-metallic mineral products, up by 20.0 percent; the manufacture of general machinery, 17.6 percent; the manufacture of transport equipment, 31.3 percent; the manufacture of electric machinery and equipment, 16.8 percent; the manufacture of communication equipment, computers and other electronic equipment, 14.4 percent; the production and supply of electricity, gas and water, up 15.6 percent; and the ferrous metal smelting and pressing, up by 27.1 percent.

In terms of different products, of the total 494 products, the output of 421 products showed a year-on-year growth. Of this total, the output of coal was 290 million tons, up by 26.3 percent over the previous year; that of crude oil was 15.67 million tons, down by 1.1 percent; that of electricity was 323.4 billion kilowatt-hours, up by 26.9 percent; that of pig iron was 47.26 million tons, up by 37.4 percent; that of cement was 150 million tons, up by 18.0 percent; that of motor vehicles was 1,440 thousand, up by 100.8 percent, of which, the output of cars was 776 thousand, up by 87.4 percent. 

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Posted on Monday, January 4, 2010 at 11:44AM by Registered CommenterYork Region | Comments Off

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