China’s value-added industrial output increased 3.1 per cent year on year in September 2021 reveals National Bureau of Statistics data. This was up 10.2 per cent over the same period of 2019. The two-year average growth reached five per cent. It edged up 0.05 per cent from the previous month. In the first three quarters, China’s value-added industrial output grew by 11.8 per cent year on year.

Industrial output, officially called industrial value added, is used to measure the activity of certain large enterprises.

The manufacturing output increased by 2.4 per cent year on year in September and 12.5 per cent in the first three quarters. In September, the textile industry’s value-added output declined by 5.8 per cent while it increased by 3.7 per cent in January to September. By product, in September, the production of 255 out of 612 kinds of products increased year on year. The output of fabric decreased 1.2 per cent in September and increased by 10.1 per cent in January to September, while the output of chemical fibers dropped two per cent in September and rose 13.5 per cent in January to September. In September, the sales-output ratio of industrial enterprises was 98.2 per cent, down 0.4 percentage points from the same period of last year.