Shanghai industrial output rises 12.5%
By Wang Yanlin |
April 26, 2011, Tuesday
|
Print Edition
Print Edition
SHANGHAI'S industrial production jumped 12.5 percent annually in the first quarter, propelled by rapid growth in the machinery equipment and auto sectors, the Shanghai Statistics Bureau said yesterday.
The value of the output totaled 733.2 billion yuan (US$112.4 billion) in the first three months. In March output grew an annual 12.4 percent.
"High-tech exports bolstered Shanghai's manufacturing sector," said Wang Zehua, an analyst at the bureau. "The city's efforts to upgrade economic structure have seen key industries perform better."
But he added that ''rising prices of raw materials exerted heavy pressure on manufacturers, and led to an output decline in steel."
Shanghai's six key industries - information technology, auto, refined oil, fine steel, machinery equipment and biomedicine - reported a combined output of 487.8 billion yuan through March, up 12.1 percent from a year earlier.
Auto output jumped 22.5 percent annually to 96.6 billion yuan, and machinery equipment swelled 23 percent to 81.6 billion yuan.
External demand boosted a rapid growth in machinery equipment output whose exports surged 35.9 percent in March.
Refined oil production only increased 6.6 percent to 93.4 billion yuan while fine steel production declined by 2.3 percent annually to 45.3 billion yuan between January and March.
The value of the output totaled 733.2 billion yuan (US$112.4 billion) in the first three months. In March output grew an annual 12.4 percent.
"High-tech exports bolstered Shanghai's manufacturing sector," said Wang Zehua, an analyst at the bureau. "The city's efforts to upgrade economic structure have seen key industries perform better."
But he added that ''rising prices of raw materials exerted heavy pressure on manufacturers, and led to an output decline in steel."
Shanghai's six key industries - information technology, auto, refined oil, fine steel, machinery equipment and biomedicine - reported a combined output of 487.8 billion yuan through March, up 12.1 percent from a year earlier.
Auto output jumped 22.5 percent annually to 96.6 billion yuan, and machinery equipment swelled 23 percent to 81.6 billion yuan.
External demand boosted a rapid growth in machinery equipment output whose exports surged 35.9 percent in March.
Refined oil production only increased 6.6 percent to 93.4 billion yuan while fine steel production declined by 2.3 percent annually to 45.3 billion yuan between January and March.
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