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BIZCHINA> Top Biz News
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Discrepancy in May economic data reflects industry restructuring
(Xinhua)
Updated: 2009-06-17 11:37 China's National Bureau of Statistics (NBS) on Tuesday attributed a discrepancy between industrial output and power generation growth in May to industrial restructuring and the use of energy-efficient products. Industrial output expanded 8.9 percent in May from a year earlier, while power generation fell 2.7 percent.
Such discrepancies had occurred before, usually when the economy hit a turning point, said the statement. The statement attributed the faster-than-expected industrial output growth to a rebound in the growth rate of heavy industry, accelerating growth in almost three-quarters of all 39 industrial categories, higher growth rates in 20 of the 31 provincial regions and output gains in quake-hit Sichuan province. (For more biz stories, please visit Industries)
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