China's industrial value added, an important economic indicator, increased 11.8% year-on-year in the first three quarters of this year, data released Monday by the State Statistical Office of the PRC showed.
In January-September, steel production in China amounted to 805.89 million tons, which is 2% more than last year. Production of finished rolled products in annual comparison increased by 4.8% to 1,020.35 million tons.
According to the department's statistics, value added in industry last month grew by 3.1% year-on-year, or 10.2% compared to September 2019.
Industrial production is an indicator for measuring the activity of large enterprises, the annual income from economic activities of each of which is 20 million yuan (about 3.11 million US dollars) and more.