China's industrial output rose 15.7 per cent in April, according to the National Bureau of Statistics. This represents a drop of 2.1 per cent from March - and a 1.7 per cent drop on April 2007.
The sales ratio of major Chinese industrial enterprises stood at 97.8
per cent, 0.5 per cent lower than the same 2007 period. Delivered
exports totaled RMB659.5 bn in value, up 15.6 per cent.
Double-digit growth in industrial output was registered in the textile,
nonmetal minerals, ferrous metals smelting and pressing,
telecommunications devices, computer and other electronic devices, and
chemical materials and related processing industries,state media
reports. The April output of coal rose 13.9 per cent year on year,
crude oil was up 0.5 per cent, electricity up 12.8 per cent, and rolled
steel up 10.2 per cent.