According to the National Bureau of Statistics, in November, China’s value-added industrial output above designated size actually increased by 6.2% year-on-year (the growth rate hereinafter refers to price-adjusted actual growth rate), 1.5 percentage points faster than October. It edged up 0.78% from the previous month. And it rose by 5.6% in January-November. By region, in November, the value-added industrial output grew 6.2% year-on-year in eastern regions, 7.4% in the central regions, 5.9% in the western regions and 7.6% in the northeast.

Industrial output, officially called industrial value added, is used to measure the activity of certain large enterprises with annual turnover of at least CNY 20 million (about US$ 2.9 million).

The manufacturing output increased by 6.3% year-on-year in November and 5.9% in January-November period. In November, the textile industry’s value-added output upped by 2.5%, while it increased by 1.4% in January-November period. In the output of main products, the output of fabric declined 7.8% year-on-year to 4.2 billion meters in November and decreased by 2.2% to 44.3 billion meters in January-November, while the output of chemical fibers surged 16.3% to 5.46 million tons in November and rose 13.5% to 54.93 million tons in January-November.

Source: CHINA TEXTILE LEADER Express