Chinese industrial production up 8.8% in May

Wednesday, 16. June 2021 09:00

China's industrial production climbed 8.8% in May compared to the same period a year earlier, but came in below analysts' estimates, the country's National Bureau of Statistics said on Wednesday.

The figure is down by 1 percentage point compared to the annual increase seen in April. The largest increase was recorded in the high-tech sector, where production was up by 17.5% year on year.

Meanwhile, on a monthly basis, industrial production was up 0.52%.

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Breaking the News / NP