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China’s National Bureau of Statistics said on 16 September that value added at industrial enterprises above the designated size grew 5.2% year on year in August, 0.7 percentage points faster than in July. The month-on-month increase was 0.54%. Manufacturing value added rose 6.1%, while mining fell 1.4%. Production and supply of electricity, heat, gas and water increased 4.9%. High-tech manufacturing grew 16.7% and equipment manufacturing 12.1%. This measure tracks industrial value added; it is not the same as sales or profits across the whole sector.
Within selected product series, output of new-energy vehicles reached 1.647 million in August, up 21.9% from a year earlier. Total motor-vehicle output was 2.697 million, down 2.7%, and electricity generation fell 0.8% to 943.8 billion kilowatt-hours. Rolled steel output declined 5.5% and cement output 11.7%. The product sales ratio for industrial enterprises was 96.8%, while export delivery value rose 11.1% in nominal terms to 1.4357 trillion yuan. The statistical series covers industrial companies above the designated revenue threshold, and the listed product examples do not include every item produced.
