8,093.54 TL BIST 100 BIST 100
28.91 $ USD USD
€31.78 EUR EUR
40.73 TL Interest Interest
81.74 $ Fossil Oil Fossil Oil
24.96 $ Silver Silver
3.84 $ Copper Copper
128.44 $ Iron Ore Iron Ore
375.00 $ Ship Dismantling Ship Dismantling
1,902.73 TL 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.


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

Türkiye's iron and steel sector is recovering in Europe after Africa

Wednesday, November 29, 2023

TUIK announced! Foreign trade deficit decreased by 17.5%

Wednesday, November 29, 2023

ITA evaluated the global market at the Global Steel Summit

Wednesday, November 29, 2023

European Union calls on US to extend steel import quotas

Wednesday, November 29, 2023

Tangshan billet prices fall while stocks hit eight-month high

Wednesday, November 29, 2023
Follow List
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

Global Iron and Steel Exchanges

Iron and Steel Indices, Price and News

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