|
|
|
Wednesday May 14, 11:04 PM
China's industrial output slows slightly: govtChina's industrial output expanded at a slightly slower rate of 15.7 percent in April from a year earlier amid a slight easing in exports, the National Bureau of Statistics said on Wednesday. Industrial output, a key measure of activity in the world's fourth-largest economy, expanded by 16.3 percent during the first four months of the year, the bureau also said.
The slowdown in industrial production was apparently in line with an ease in exports growth, which is a key driver of factory output in China. Chinese exports in April rose 21.8 percent from a year earlier to 118.7 billion dollars, compared with growth of 30.6 percent in the previous month and 26.8 percent in the same month last year, according to customs figures. Experts said the decline in export growth reflected a return to its medium-term trend, which has been declining, and the slope could be sharper in the second half of the year as the global economic downturn hits China. Production of sedans in April reached 520,000 units, up 26.3 percent from a year earlier, while crude output in the month was 15.4 million tonnes, up only marginally by 0.5 percent from a year ago, the statistics bureau said.
|
|
Copyright ©
2008
AFP. All rights reserved. All information displayed in this section (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the contents of this section without the prior written consent of Agence France-Presses.
|
