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China's industry reports record-high growth
( 2003-10-17 15:45) (Xinhua)

China's industrial growth reported 4.3 percentage points more than that of the same period last year, hitting a record-high growth rate since 1995 year-on-year, Qiu Xiaohua, deputy director of the National Bureau of Statistics (NBS) said Friday.

At a press conference, Qiu said, the industry completed a total added value of 2.879 trillion yuan (about US$350b) in the first three quarters, increasing by 16.5 percent over the same period of last year.

From Jan. to Aug., China's industrial enterprises achieved a total profit of 501.5 billion yuan (about US$60.6b), up 52.3 percent over the same period of last year. State-owned enterprises and state-holding enterprises also saw a profit of 253. 8 billion yuan (US$30.7b), up 66.6 percent.

 
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