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China's Electronic Information Sector Slows
Oct 12,2012 11:49CST
industry news
Source:SMM
Growth in the electronic information sector has slowed due to sluggish investment.

Updated: 2012-10-12 09:06 ( Xinhua) - Growth in the electronic information sector has slowed due to sluggish investment, the Ministry of Industry and Information Technology said in a Thursday statement.


In the first eight months, sales revenues for the sector reached 5.3 trillion yuan ($840 billion), up 9.9 percent from the same period of last year. The growth rate represents a year-on-year drop of 0.3 percentage points, according to the statement.


Meanwhile, the electronics industry attracted investment worth a total of 599.8 billion yuan, up 7.1 percentage points from a year earlier, said the Ministry of Industry and Information Technology.


However, the investment growth rate was 60.6 percentage points lower than that of the same period last year, it said.

 

China's electronic sector slows

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