China’s value-added industrial production, a key economic indicator, rose 9.8 percent year over year in April as factory activity continued to pick up, data from the National Bureau of Statistics showed on Monday.
The number was up year-on-year 2019 by 14.1 percent and brought the average growth of the last two years to 6.8 percent, as NBS data showed.
In the first four months, industrial production rose year-on-year by 20.3 percent, which is a This corresponds to average two-year growth of 7 percent.
Industrial production is used to measure the activity of designated large companies with annual business sales of at least 20 million yuan (approximately 3.11 million US dollars).
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