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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (64296)	6/11/2002 2:00:56 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

China's May industrial output grows 12.9 percent Tuesday June 11, 10:02 AM sg.news.yahoo.com BEIJING (Reuters) - China said on Tuesday its industrial output climbed 12.9 percent in May from a year earlier, building on momentum that is seen as needed to hit the country's crucial economic growth target this year. Industrial output from January to May rose 11.6 percent year-on-year to 1.168 trillion yuan ($141 billion), the State Statistical Bureau said in a statement. Output in May was 261.7 billion yuan. Light industrial output grew 12.6 percent in May and 11.6 in January to May, while heavy industry grew 13.2 percent in May and 11.5 percent in the first five months, the bureau said. The growth was higher than a nine percent target for all of 2002 set by the State Economic and Trade Commission to help reach seven percent growth in gross domestic product. Industrial output rose a year-on-year 10.9 percent in the first quarter of this year and jumped 12.1 percent in April. China's GDP grew a stronger-than-expected 7.6 percent year on year in the first quarter, rebounding from the slowest quarterly growth in the last three months of 2001. Industrial output rose an annual 9.9 percent in 2001 when the economy grew 7.3 percent.