In the first half of this year, the value added in the Chinese industry, which is an important economic indicator, increased by 15.9% on an annualized basis. This is evidenced by data published on Thursday by the State Statistical Office (GSO) of the PRC.
At the same time, the growth rates of this indicator in the first half of the year over the past two years averaged 7%, which is 0.2 pp. faster than the average in the first quarter over the past two years, according to the GSO.
In the second quarter of this year, value added in industry increased by 8.9% on an annualized basis, while the figure rose by 8.3% in June. on an annualized basis.
Industrial output, or industrial value added, is used to measure the activity of large enterprises, each with annual revenues of at least 20 million RMB (about $ 3.09 million).