According to the National Bureau of Statistics, in May, China’s value-added industrial output above the designated size increased by 3.5% year-on-year (the growth rate hereinafter refers to the price-adjusted actual growth rate). It edged up 0.63% from the previous month. And the value-added industrial output above the designated size in the first five months grew by 3.6% year-on-year.

Industrial output, officially called industrial value added, is used to measure the activity of large enterprises each with an annual main business turnover of at least 20 million yuan (about 2.91 million U.S. dollars).

The manufacturing output increased by 4.1% year-on-year in May and 4.0% in the first five months. The textile industry’s value-added output declined by 1.8% year-on-year in May and 3.0% year-on-year in the January-May period.

By product, in May, the production of 339 out of 620 kinds of products increased year-on-year. In the output of main products, the output of fabric decreased by 2.8% year-on-year to 2.8 billion meters in May and declined by 6.4% to 12.5 billion meters in the January-May period; while the output of chemical fibers grew by 11.5% to 6.09 million tons in May and rose 2.7% to 27.27 million tons in the first five months.

Source:CHINA TEXTILE LEADER Express