8,885.00 TRY BIST 100 BIST 100
4.87 CNY CNY CNY
34.34 USD USD USD
37.42 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
44.67 TRY Interest Interest
74.45 USD Fossil Oil Fossil Oil
32.79 USD Silver Silver
4.44 USD Copper Copper
102.49 USD Iron Ore Iron Ore
374.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,023.12 TRY Gold (gr) Gold (gr)

Industrial production in China exceeded expectations

According to data released by the National Bureau of Statistics of China, value-added industrial production in China increased above expectations in August. An increase of 4.5 percent was recorded compared to the same period last year.

Industrial production in China exceeded expectations

According to August data, the mining sector grew by 2.3 percent, while the manufacturing sector experienced an increase of 5.4 percent. Electricity, heating, natural gas and water services increased by 0.2 percent.

When production data is analyzed on the basis of ownership, state-controlled enterprises increased by 5.2 percent, while joint-capital companies grew by 5.7 percent and the private sector by 3.4 percent.

When looked at on a product basis, solar cells production increased by 77.8 percent compared to the same period last year, while power units production increased by 32.4 percent.

Industrial production data is used to measure the activities of enterprises with a main business turnover of at least 20 million yuan (about 2.79 million US dollars). These results show that the Chinese economy is in a solid growth process.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

AM/NS India is set to develop one of India’s most substantial steel projects

Monday, November 4, 2024

Cleveland-Cliffs completes acquisition of Stelco

Monday, November 4, 2024

Jordan Steel Company Keeps Rebar Prices Steady for November 2024

Monday, November 4, 2024

Indonesia's nickel reserves under threat: Could run out in 5 years

Monday, November 4, 2024

Turkish rebar market stagnation: challenges with high costs and weak demand

Monday, November 4, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now