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China's industrial output growth speeds up

Xinhua, July 15, 2016 Adjust font size:

Growth of China's industrial output picked up in June mainly thanks to strong performance in the high-tech and equipment manufacturing sectors, official data showed Friday.

Industrial output grew 6.2 percent year on year in June, up from 6.0 percent growth in April and May, the National Bureau of Statistics (NBS) announced.

Industrial output, officially called industrial value added, is used to measure the activity of designated large enterprises with annual turnover of at least 20 million yuan (3.22 million U.S. dollars).

Month on month, industrial output gained 0.47 percent in June.

In the first half of the year, industrial output grew 6.0 percent year on year, higher than the 5.8-percent growth in the first quarter. Endi