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Light industry production was basically stable, and heavy industry production fell slightly. In October, the value-added of light industry (above scale, the same below) increased by 12.9% year-on-year, down 0.1% from the previous month; heavy industry rose by 13.2%, down 0.2% from the previous month. From January to October, the value-added of light and heavy industries increased by 13.6% and 17.1% year-on-year respectively. The growth rate of light industry was the same as that of the first three quarters, and heavy industry fell by 0.4%.
High-energy-consuming industries are falling faster than all industries. In October, the value-added of the six high energy-consuming industries increased by 9.3% year-on-year, 0.4% lower than the previous month, and the drop rate was 0.2% higher than that of all industries; among them, the nonferrous metal smelting and rolling processing industry, ferrous metal smelting and rolling plus Industry increased by 6.4% and 4.6% respectively, electricity and heat production and supply rose by 6.8%, non-metallic mineral products industry increased by 17%, chemical raw materials and chemical manufacturing, petroleum processing coking and nuclear fuel processing increased by 13.3% and 6.9 respectively. %. From January to October, the value-added of the six high energy-consuming industries increased by 14.3% year-on-year, which was lower than the growth rate of all industries by 1.8 percentage points, and fell by 0.5 percentage points from the first three quarters.
The growth rate of the eastern and central regions has dropped, and the growth rate in the west has been accelerating. In October, the industrial added value of the eastern and central regions increased by 12% and 15.8% year-on-year, respectively, which was 0.6 and 0.5 percentage points lower than the previous month. The industrial added value of the western region increased by 14%, which was 1.8 percentage points higher than the previous month. The growth rate of industries above designated size in 9 provinces and cities nationwide exceeded 20%. Among the major industrial provinces, Jiangsu, Shandong, Guangdong, Zhejiang, Henan, and Liaoning grew by 14.3%, 12.5%, 15.5%, 15.1%, 12.6%, and 16.4%, respectively. From January to October, the industrial added value of the eastern, central and western regions increased by 15.3%, 18.7%, and 15.6% respectively.
Exports of industrial products maintained rapid growth. From January to October, the value of export delivery for industrial enterprises above designated size was 7349.0 billion yuan, a year-on-year increase of 26.9%, and an increase of 9.1% over the same period of 2008; in which export delivery value in October increased 21.6% year-on-year. According to customs statistics, China’s foreign trade exports amounted to 1,260.6 billion U.S. dollars during the January-October period, an increase of 32.7% year-on-year, and an increase of 5.5% over the same period of 2008; of these, the month-on-year increase was 22.9% year-on-year and a decrease of 6.2% month-on-month.
Industrial investment grew steadily. From January to October, the industrial investment was 7674.5 billion yuan, of which manufacturing investment was 5,852.4 billion yuan, up 22.2% and 25.7% year-on-year, respectively, and the growth rate fell 4.2 and 1.8 percentage points year-on-year respectively, which was 0.3 percentage points higher than the previous three quarters.
The growth rate of investment in high-energy-consuming industries continued to drop. From January to October, the six high-energy-consuming industries completed an investment of 27,799.1 billion yuan, a year-on-year increase of 14% (up by 11.5% in October), and the growth rate was down 8.4 percentage points year-on-year and 0.3 percentage points lower than the first three quarters. Among them, the non-metallic mineral products industry, chemical raw materials and chemical product manufacturing industries grew by 27.5% and 13.6%, respectively, which fell by 3.2 and 0.6 percentage points over the first three quarters; non-ferrous metals and ferrous metal smelting and rolling industries increased by 37.2% and 1.6% respectively. Compared with the first three quarters, it accelerated by 0.2 and 1.3 percentage points; the petroleum coking and nuclear fuel processing industry and the electricity and heat production and supply industries grew by 10% and 6.4% respectively, which was 3.4 and 0.1 percentage points faster than the previous three quarters.
The increase in the ex-factory prices of industrial products has increased. In October, the ex-factory price of industrial products rose 5% year-on-year, an increase of 0.7 percentage points from the previous month, of which production and living materials rose by 5.8% and 2.6% respectively; the purchase price of raw material fuel and power rose by 8.1% year-on-year, expanding from the previous month. 1 percentage point, of which fuel-power prices rose 8.9%, an increase of 0.6 percentage points from the previous month. From January to October, the ex-factory price of industrial products increased by 5.5% year-on-year, which was the same as in the first three quarters. The purchase prices of raw materials, fuels, and power increased by 9.6% year-on-year, 0.2 percentage points lower than the first three quarters.
The connection between production and sales is basically normal. In October, the national industrial product sales rate was 97.8%, which was a year-on-year decrease of 0.2 percentage points, and a decrease of 0.2 percentage points from the previous month. The production and sales ratios of light and heavy industries were 97.7% and 97.9%, respectively, down 0.2 percentage points from the previous month. From January to October, the ratio of sales to production was 97.8%, a year-on-year increase of 0.3%.
October industrial added value growth by 13.1%
In October, the industrial added value of enterprises above designated size increased by 13.1% year-on-year, 3 percentage points lower than the same period of last year and 0.2 percentage points lower than the previous month. From January to October, the value-added of industrial enterprises above designated size increased by 16.1% year-on-year, 6.7 percentage points higher than the same period of last year and 0.2 percentage points lower than the first three quarters.