China’s industrial production registered steady growth last year, accompanied by a faster pace of intelligent and green transformation, official data showed Wednesday.
The value-added industrial output, an important economic indicator, went up 4.6 percent year on year in 2023, the National Bureau of Statistics (NBS) said. In December alone, the figure grew 6.8 percent from a year earlier and 0.52 percent from November.
The industrial output is used to measure the activity of large enterprises, each of which has an annual main business turnover of at least 20 million yuan (about 2.81 million U.S. dollars).
“Industrial production picked up steadily, with equipment manufacturing growing rapidly,” Kang Yi, head of the NBS, told a press conference Wednesday.— Xinhua
