In the first two months of 2010, the added value of industrial enterprises above designated size increased by 20.7% year-on-year.

Abstract National Economic Affairs Bureau spokesperson Sheng Laiyun said on the 11th that in the first two months of this year, the added value of China's industrial enterprises above designated size increased by 20.7% year-on-year, 16.9 percentage points higher than the same period of the previous year and 2.2 percentage points faster than that in December 2009. &ldqu...

Sheng Laiyun, a spokesperson for the National Bureau of Statistics, said on the 11th that in the first two months of this year, the added value of China's industrial enterprises above designated size increased by 20.7% year-on-year, 16.9 percentage points higher than the same period of the previous year and 2.2 percentage points faster than that in December 2009.
"China's industrial economic growth rate is indeed accelerating, continuing the trend of picking up to a good." Sheng Laiyun said. Affected by the international financial crisis, China's industrial added value above designated size increased by 3.8% from January to February last year, the lowest period last year. This year, after deducting the low base factor, the growth rate of 20.7% is still normal and there is no sign of overheating.
Sheng Laiyun said, however, there are still some structural problems in China's industrial economy. The growth rate of heavy industry is higher than that of light industry, and the growth rate of high energy consumption industry is higher than the average growth rate of industry. He believes that structural adjustment should be accelerated in accordance with the requirements of the central government to change the economic structure, and the quality and efficiency of economic development should be improved.
According to statistics from the Bureau of Statistics, China's heavy industry grew by 23.7% in the first two months, and light industry grew by 14.5%. 38 of the 39 major industries maintained year-on-year growth. Among them, the textile industry increased by 13.3%, the chemical raw materials and chemical products manufacturing industry increased by 25.1%, the non-metallic mineral products industry increased by 23.2%, the general equipment manufacturing industry increased by 22.3%, the transportation equipment manufacturing industry increased by 43.7%, electrical machinery and equipment manufacturing. The industry grew by 18.9%, the communications equipment, computer and other electronic equipment manufacturing industry grew by 26.4%, the power generation and supply industry grew by 17.2%, and the ferrous metal smelting and rolling processing industry grew by 20.9%.
From January to February, 462 of the 503 products increased year-on-year. Among them, raw coal 470 million tons, an increase of 30.5%; natural crude oil 31.98 million tons, an increase of 5.8%; power generation 609 billion kWh, an increase of 22.1%; crude steel 102.89 million tons, an increase of 25.4%; cement 200 million tons, an increase of 26.5 %; 2.85 million vehicles, an increase of 89.7%, including 1.48 million cars, an increase of 87.7%.
In addition, state-owned and state-controlled enterprises increased by 20.7%, collective enterprises increased by 13.4%, joint-stock enterprises increased by 22.2%, and foreign-invested enterprises from Hong Kong, Macao and Taiwan increased by 20.3%.  

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