Industrial growth up but trend is down
By Pan Xiaoyi |
January 21, 2011, Friday
|
Print Edition
Print Edition
CHINA'S factory output and fixed-asset investment showed stable expansion in 2010 but analysts said growth will slow this year as China introduces polices to tackle inflationary pressures.
Industrial production grew 15.7 percent in 2010, the National Bureau of Statistics said yesterday.
Despite the growth, industrial output has been on a downward trend since early 2010.
"A string of tightening measures and rising commodity prices will continue to hurt industrial production to a large extent in the first quarter," said Wang Tan, a Xiangcai Securities Co analyst.
Chandara Lim, associate economist from Moody's Analytics, said that while heavy industry is cooling amid policy measures to curb lending and stabilize residential property prices, light industry output should continue to support China's manufacturing sector in 2011.
Urban fixed-asset investment rose 23.8 percent from a year earlier to 27.8 trillion yuan (US$4.2 trillion) in 2010, according to the statistics bureau.
The growth was 6.2 percentage points lower from that in 2009. Real growth, excluding inflation factors, stood at 19.5 percent, the bureau said.
However, fixed-asset investment in property development jumped 33.2 percent in 2010 to 4.8 trillion yuan.
"Although the investment in real estate sector remains at a high level, the momentum could not continue in 2011 with harsh policies remaining," Xiangcai's Wang said.
Industrial production grew 15.7 percent in 2010, the National Bureau of Statistics said yesterday.
Despite the growth, industrial output has been on a downward trend since early 2010.
"A string of tightening measures and rising commodity prices will continue to hurt industrial production to a large extent in the first quarter," said Wang Tan, a Xiangcai Securities Co analyst.
Chandara Lim, associate economist from Moody's Analytics, said that while heavy industry is cooling amid policy measures to curb lending and stabilize residential property prices, light industry output should continue to support China's manufacturing sector in 2011.
Urban fixed-asset investment rose 23.8 percent from a year earlier to 27.8 trillion yuan (US$4.2 trillion) in 2010, according to the statistics bureau.
The growth was 6.2 percentage points lower from that in 2009. Real growth, excluding inflation factors, stood at 19.5 percent, the bureau said.
However, fixed-asset investment in property development jumped 33.2 percent in 2010 to 4.8 trillion yuan.
"Although the investment in real estate sector remains at a high level, the momentum could not continue in 2011 with harsh policies remaining," Xiangcai's Wang said.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
