China's industrial sector reports stable growth in May

BEIJING, (Xinhua) -- China's industrial sector reported steady expansion last month as innovation-driven industries continued to offer strong growth momentum.
China's value-added industrial output expanded 5.8 percent year on year in May, official data showed on Monday.
The manufacturing sector saw its value-added output climb 6.2 percent year on year last month, with that of equipment manufacturing and high-tech manufacturing up by 9 percent and 8.6 percent, respectively, according to the National Bureau of Statistics (NBS).
In the first five months of this year, the country's industrial output gained 6.3 percent compared to a year ago, the data showed.

 

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