Industrial Output
Value-added industrial output, an important economic indicator, went up 3.5 percent year on year in May, data from the National Bureau of Statistics (NBS) showed.
The growth rate was 2.1 percentage points lower than that of April.
The industrial output is used to measure the activity of large enterprises each with an annual main business turnover of at least 20 million yuan ($2.8 million).
China’s industrial production overcame the adverse factors of weak market demand and falling prices, and maintained its recovery momentum in May, NBS spokesperson Fu Linghui told a press conference on May 15.
The manufacturing sector’s
