China's industrial added value expanded 8.6% year-on-year in the first two months of 2014, and on a month-to-month basis, industrial added value in February edged up slightly by 0.61% from the previous month, in which the added value of textile industry surged 6.9%, the National Bureau of Statistics (NBS) said on March 13.

The statistics showed that the added value of state-owned enterprises saw 4.4% growth in the two months, joint stock companies ended the period with 9.9% growth and foreign-funded companies including Hong Kong-, Macao and Taiwan-invested registered 7.8% growth.

39 out of 41 major industries saw growth in added value, in which, the textile industry saw 6.9-percent growth, while that of raw materials and chemical products industry grew 12.0%.

Regionally, industrial added value from January to February grew by 7.8%, 9.4% and 10.3% in east, central and west China, respectively, the NBS said.

Many categories of products saw year-on-year growth in January-February of 2014, in which, the production of fabric stood at 9.3 billion meters, up 1.2% year-on-year, ethylene 2.81 million tons, up 5.6% and steel 165.73 million tons, up 4.9%.

In the first two months, the marketing rate of industrial products reached 97.6%, down 0.3 percentage points from same period of the previous year; the shipments to export of industrial enterprises valued at 1581.6 billion with a nominal growth of 2.7%.

Source: China Textile Leader Express