China’s industrial output up 3.6 pct in first eight months

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China’s value-added industrial output, an important economic indicator, went up 3.6 percent year on year in the first eight months of this year, data from the National Bureau of Statistics (NBS) showed Friday.

In August alone, the country’s industrial output rose 4.2 percent year on year after deducting the price factor, 0.4 percentage points higher from July. The output in August increased 0.32 percent month on month, according to the NBS.

In a breakdown by ownership, the output of state-controlled enterprises led the gains with a year-on-year growth of 5.6 percent in August, followed by joint-stock companies.—Xinhua

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