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To: JPM who wrote (26418)	12/9/1997 9:53:00 PM
From: John Rieman	Respond to of 50808

China's Industrial production for November............................... chinadaily.net Industry output growing steadily CHINA'S industrial output grew steadily in November, according to a report issued yesterday by the State Statistics Bureau. The value-added output of enterprises above township level amounted to 188.4 billion yuan ($22.7 billion) in November, up 11.6 per cent over the corresponding period last year. "The growth rate of State-owned firms and firms in which the State holds a majority stake has risen slightly, while that of collectively-owned firms and firms under other types of ownership is stable," the report said. The country's statistics dissemination agency publishes industrial figures every month, usually within the first 10 days after the month ends. The value-added output of State-owned firms and firms in which the State holds a majority stake amounted to 105.6 billion yuan ($12.7 billion) in November, up 7.7 per cent from a year ago, the report said. The growth rate was 0.8 percentage points higher than in the previous month, the report said. The growth rate for light industry is higher than for heavy industry, it said. The value-added output of light industry was 86.7 billion yuan ($10.4 billion) in November, up 12.2 per cent over the corresponding period of last year, while that of heavy industry amounted to 101.7 billion yuan ($12.3 billion), an increase of 11.1 per cent. Production of energy, some raw materials, machinery and electronics products declined, the report said. Energy production amounted to 110 million tons of standard coal equivalent in November, down 0.3 per cent from the previous month. Production of 23 of the 70 major raw material and chemical products and half of the 30 major machinery and electronics products declined. Production of major consumer goods recorded mixed results in November, the report said. Production of goods such as freezers, bicycles and air conditioners fell by between 5.4 per cent and 37.6 per cent, while that of beer, colour television sets and video cassette recorders rose by between 10.5 per cent and 110 per cent. Industrial economic efficiency continued to improve, the report said. The composite index of the economic efficiency of 370,000 enterprises was 88.95, 3.43 percentage points higher than the corresponding period of last year. The major problem at present in the way industry operates is the difference in growth rates between general industrial output and that of basic industries such as energy and raw materials. Many enterprises are still making serious losses. Meanwhile, finding job for laid-off employees and making loss-ridden enterprises profitable are still major challenges facing the industrial sector in the remaining 20 days of this year, the report concluded. ------------------------------------------------------------------------ Date: 12/10/97 Author: Xu Dashan Copyrightc by China Daily