Growth of China's industrial production slows in April
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China's industrial value-added output rose 13.4 percent year on year in April, down from March's 14.8-percent growth, the National Bureau of Statistics (NBS) said Wednesday.
The first four months of this year saw an increase of 14.2 percent in industrial value-added output, down 0.2 percentage points from the January-March period, NBS spokesman Sheng Laiyun said at a press conference.
Industrial value-added output for the heavy industry sector expanded 14 percent last month from the same month last year, while that for the light industry sector climbed 11.9 percent.
Industrial value-added output measures the final results of industrial production, or in other words the value of gross industrial output minus intermediate inputs, such as raw materials and labor costs.
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