Skip to Content Facebook Feature Image

China's industrial output up 4.5 pct in August

China

Video Player is loading.
Current Time 0:00
Duration -:-
Loaded: 0%
Stream Type LIVE
Remaining Time 0:00
Â
1x
    • Chapters
    • descriptions off, selected
    • captions off, selected
      China

      China

      China's industrial output up 4.5 pct in August

      2024-09-14 17:33 Last Updated At:18:07

      China's total value-added of industrial enterprises above the designated size, an important economic indicator, expanded 4.5 percent year on year in August this year, official data showed Saturday.

      On a monthly basis, the industrial output edged up 0.32 percent in August from the previous month, the National Bureau of Statistics(NBS) said in a monthly statement.

      The enterprises above the designated size refer to those with an annual main business turnover of at least 20 million yuan (about 2.82 million U.S. dollars).

      The value-added of equipment manufacturing grew by 6.4 percent year on year, while that of hi-tech manufacturing surged 8.6 percent, 1.9 percentage points and 4.1 percentage points faster than the average industrial production growth, respectively.

      As for consumption, retail sales of consumer goods went up 2.1 percent year on year in August to 3.8726 trillion yuan (about 545 billion U.S. dollars). From January to August, the overall online retail volume reached 9.6352 trillion yuan (about 1.357 trillion U.S. dollars), up 8.9 percent year on year. The retail sales of services increased by 6.9 percent year-on-year.

      "In August, the national economy operated in a stable manner on the whole. We adhered to the general principle of seeking progress while maintaining stability and implemented the new development philosophy accurately and comprehensively, strengthened macroeconomic control and focused on promoting high-quality development. The production demand continued to recover and employment and prices remained basically stable. The high-quality development continued to advance. The economy witnessed a generally stable situation and steady development," said NBS spokeswoman Liu Aihua at a press conference in Beijing.

      China's industrial output up 4.5 pct in August

      China's industrial output up 4.5 pct in August

      Next Article

      Trump imposes "reciprocal tariffs" amid widespread opposition

      2025-04-03 05:37 Last Updated At:07:17

      Amid widespread opposition, U.S. President Donald Trump on Wednesday signed two executive orders on the so-called "reciprocal tariffs," imposing a 10-percent "minimum baseline tariff" and higher rates on certain trading partners.

      Trump announced these tariffs in a speech in the White House Rose Garden, during which he also said a 25-percent tariff on cars and car parts imported into the U.S. will take effect on Thursday.

      Many trading partners of the U.S. have previously expressed their opposition, saying that they will take countermeasures in response.

      On Wednesday, President of the European Council Antonio Costa said the European Union must react in a "firm but smart manner" to the reciprocal tariffs.

      "This is truly a major economic mistake for the United States and also for Europe and the entire world," Costa said.

      Italian Prime Minister Giorgia Meloni said the introduction of new U.S. tariffs would have heavy repercussions for Italian producers, adding that she did not rule out "adequate responses" to defend Italian products.

      While stating that the UK is engaging in constructive talks to reach a broader economic prosperity deal with the U.S., British Prime Minister Keir Starmer also said that the country is prepared for all possible scenarios and will not rule out any possibilities

      Trump imposes "reciprocal tariffs" amid widespread opposition

      Trump imposes "reciprocal tariffs" amid widespread opposition

      Recommended Articles
      Hot · Posts