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Strategies & Market Trends : China Warehouse- More Than Crockery
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To: RealMuLan who wrote (1311)11/10/2003 4:36:29 PM
From: RealMuLan  Read Replies (1) of 6370
 
Full speed ahead in China
Monday, November 10, 2003 Posted: 0653 GMT ( 2:53 PM HKT)

BEIJING, China (Reuters) -- China's factories hit their fastest growth rate in eight months in October as sectors such as electronics and machinery kept the world's sixth-biggest economy steaming ahead.

Industrial output in October was 17.2 percent higher than a year earlier, accelerating from the 16.3 percent rise in the year through September, the State Statistical Bureau said in a statement Monday.

It was the fastest clip since an annual 19.8 percent rise registered in February.

But the figures also prompted further fears of overheating.

Factory output, driven by exports and investment, showed the economy grew 9.1 percent between the third quarters of 2002 and 2003.


edition.cnn.com
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