Raw materials Industry in China records 5.3% growth in 4 months
According to the Ministry of Industry and Information Technology China's raw material industries reported a 5.3% growth in industrial output over the past four months, buoyed by the government's stimulus package and growing domestic demand.
According to MIIT statistics the industrial output grew 6-7% in April 09 The nonferrous metal industry began to make profits because market prices were rising. From January to April,
Several major manufacturers reported a net loss of approx CNY 500 million. However,the trends changed & the cos started making profits from March/April 09 onwards.Cement & Chemical industries too registered growth .However,the steel industry was still in problem due to overcapacity
« Back
|