China's industrial output up 8.9 pct in May: govt

By AFP

July 15, 2010 Updated Jun 14, 2009 at 9:41 PM CDT

China's industrial output rose 8.9 percent in May from a year earlier, the National Bureau of Statistics has said.

The figure was up from 7.3 percent in April and also surpassed the 8.3 percent seen in March.

However, it was still down from the 16 percent increase logged in May of 2008, according to a bureau statement.

The trade-dependent Chinese economy, the world's third-largest, has been hit hard by the global financial crisis.

Exports of industrial products totalled 581.4 billion yuan (85 billion dollars) last month, a decline of 15.0 percent from the same month in 2008, the statistics bureau said.

In order to lessen the impact of the worldwide slowdown, the Chinese government has taken a series of measures to boost growth, including the launch of an unprecedented four-trillion-yuan spending package in November.

The package is heavily focused on infrastructure investment, and various economic indicators show it is starting to have an impact.

May's production of cement, for example, a key component in construction projects, increased 13.5 percent from a year earlier, the statistics bureau said.

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