The industrial output measures the activity of enterprises that have an annual business turnover of 20 million yuan (approximately $3.14 million) or more.
The output of state-owned enterprises went up by 5.9 per cent in the same period, while that of the private sector rose by 8.7 per cent, compared to last year, according to NBS.
China’s production demand recorded a growth despite the pandemic and complex international environment, Chinese media reports said quoting Fu Linghui, NBS spokesperson.
The purchasing managers' index for the country’s manufacturing sector was 50.1 and 50.2 in January and February, respectively.
ALCHEMPro News Desk (KD)
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