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China's industrial output up 3.5 pct in first seven months

By Source:Xinhua 2022年08月15日 11:58

A worker is busy in a workshop of Harbin Turbine Company Ltd. of Harbin Electric Corporation in Harbin, northeast China's Heilongjiang Province, May 7, 2022. (Xinhua/Wang Jianwei)

BEIJING, Aug. 15 (Xinhua) -- China's value-added industrial output, an important economic indicator, went up 3.5 percent year on year in the first seven months of this year, data from the National Bureau of Statistics (NBS) showed Monday.

In July alone, industrial output growth registered 3.8 percent year on year and it was 0.38 percent higher than the previous month, according to the NBS.

The industrial output is used to measure the activity of designated large enterprises with an annual business turnover of at least 20 million yuan (about 2.97 million U.S. dollars). 

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