Percent: Output and Year

percent: Industrial output, officially called industrial value added, which is used to measure activity of designated large enterprises with annual turnover of at least 20 million yuan 2.9 million US dollars grew 6 percent in the first 11 months compared with the previous year, according to Global Times China. The structure of China industrial output continues to improve, said NBS spokesperson Mao Shengyong at a press conference, citing annual industrial output growth of the high-tech manufacturing sector reaching 10.6 percent in November and robust profit gains of large firms. China industrial output expanded 6.2 percent year on year in November, with the growth rate 0.1 percentage point higher than October, largely buoyed by fast-developing high-tech, electronic equipment and automobile sectors, the National Bureau of Statistics NBS said Tuesday. Industrial enterprises above the designated size reaped profits of 5.3 trillion yuan in the first ten months, representing an increase of 8.6 percent from the previous year, and the growth pace quickened by 0.2 percentage points from the first nine months. The trend was supported by a slew of other key economic data released Tuesday. Power generation, a key barometer for measuring economic activity, rose 7 percent in November from a year earlier, confirming the growth momentum of the world second largest economy. (news.financializer.com). As reported in the news.