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Textile Industrial Added Value Grow 13.3% in First Two Months

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According to State Bureau of Statistics, the statistics worthy enterprises reported 20.7% growth in their industrial added value in Jan. and Feb. this year, 16.9 points higher than same period last year, and 2.2 points higher than last Dec.

Divided by sectors, 38 industries remains the positive growth, except one. Of which, textile industry grew 13.3%; chemical industry grew 25.1%; non-metallic minerals industry grew 23.2%; general equipment industry grew 22.3%; transportation equipment industry grew 43.7%; electronic machinery industry grew 18.9%; communication and computer industry grew 26.4%; power industry grew 17.2%, metallic smelting industry grew 20.9%.

From those data, we could see Chinese industry remains its recovering trend which starting from last late half year. Nevertheless, we need to know that the industrial added-value growth rate in last Jan. and Feb. was only 3.8%. It was the lowest point in last year. The quick growth now is based on the low tempo.