China's industrial output grows in January-February

Reuters
Beijing, China Published: Mar 14, 2018, 08:22 AM(IST)

File Photo Photograph:( PTI )

China's industrial output expanded 7.2 per cent in the first two months, official data showed Wednesday, indicating an upward trend of the Chinese economy.

According to the official data, the growth rate of industrial output is 0.9 percentage points higher year on year and 0.1 percentage point higher than that registered in December.

The fixed-asset investment increased 7.9 per cent on a yearly basis. Investment in high-tech and service industries both outpaced other sectors to see rapid growth.

Besides, investment in sectors like ecological protection, environmental governance and public facility management also sped up.

The total retail sales of consumer goods from January to February increased 9.7 percent from one year earlier, compared with 9.4 per cent in December last year. Among it, spending in new types of business and tourism, mobile payment as well as box office earning all went up.

Industrial output, officially called industrial value added, is used to measure the activity of designated large enterprises with annual turnover of at least 3 million US dollars.

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