China's industrial production up by 6.2% in December - Breaking The News

China's industrial production up by 6.2% in December

17 January

1 min read

EPA-EFE/WU HAO

China's industrial production advanced by 6.2% in December compared to the same time last year, beating expectations and coming in higher than last month's figure of 5.4%, according to data from China's National Bureau of Statistics released on Friday.

The growth, when observed by types of ownership, saw an increase in state-holding enterprises by 4.2% year-on-year, while share-holding and private holdings enterprises saw growth of 6.1% and 5.3% respectively. Enterprises funded by foreign investors or investors from Hong Kong, Macao, and Taiwan saw an increase of 4%.

Mining production added 3.1% year-on-year, manufacturing was up by 6.1%, and electricity, thermal power, gas and water grew by 5.3%.

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