The equipment manufacturing and high-technology sectors drove the increase; data was released on Monday (June 17)
China’s value-added industrial production rose 5.6% year on year in May, according to the National Statistics Department. The data was released on Monday (June 17, 2024).
The equipment manufacturing and high-technology sectors drove the increase, with increases of 7.5% and 10% in production compared to last year, respectively.
On a monthly basis, industrial production rose 0.3% in May compared to the previous month. During the period from January to May, it grew 6.2% in annual terms.
Industrial production measures the activity of large companies, each with annual revenue from core businesses of at least 20 million yuan ($2.81 million).
With information from Xinhua.
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