China's Industrial Output up 10.8% in July

BEIJING, Aug. 11 -- China's industrial output rose 10.8 percent in July from a year earlier, after gaining 10.7 percent in June, the National Bureau of Statistics said Tuesday.
 
    It is the second time since September last year that output saw double-digit growth after the government put in place powerful fiscal and monetary policies to boost economic growth.

    The July growth rate was 3.9 percentage points lower than a year earlier level, but 0.1 percentage point faster than June.

    The first seven months saw the growth of industrial output at 7.5 percent from a year earlier, faster than the 7-percent for the first half.

    In July, the output of heavy industry rose 11.3 percent and light industry was up 9.2 percent. All 39 sectors posted year-on-year growth, with textiles up 8.6 percent, and chemical materials and products up 11.7 percent.

    Coal output rose 14.8 percent from a year earlier to 260 million tonnes, and crude oil output dropped 0.3 percent to 16.14 million tonnes. Steel output climbed 12.6 percent to 50.68 million tonnes. Power generation increased 4.8 percent. 

    (Source: Xinhua)