Consumer Goods Industry Maintains Stable Growth
[2009-05-26]
China's consumer goods industry kept stable development in the first four months this year, thanks to rising domestic demand that offsets falling export, said the Ministry of Industry and Information Technology (MIIT) Friday.
In the past four months, the industrial output of consumer goods grew by 8 percent. The figures were higher for March and April at 9.8 percent and 9.2 percent each.
Among its major sectors, textiles, tobacco and pharmaceutical, and light industry grew by 8.1 percent, 6.6 percent, 6.1 percent and 13.8 percent in industrial output respectively.
Industrial output of the four sectors accounted for 30.4 percent of the national total, statistics from MIIT showed.
The light and textile industries, which had been among the ten industries supported by government's boosting plans, reported shrinking decline in exports.
Exports of light industry fell by 10.9 percent and that of textile industry dropped 8.4 percent from January to April. However, the decline rates were 4.8 and 7.4 percentage points lower compared to that of the whole industrial export in the same period.
In the past four months, the industrial output of consumer goods grew by 8 percent. The figures were higher for March and April at 9.8 percent and 9.2 percent each.
Among its major sectors, textiles, tobacco and pharmaceutical, and light industry grew by 8.1 percent, 6.6 percent, 6.1 percent and 13.8 percent in industrial output respectively.
Industrial output of the four sectors accounted for 30.4 percent of the national total, statistics from MIIT showed.
The light and textile industries, which had been among the ten industries supported by government's boosting plans, reported shrinking decline in exports.
Exports of light industry fell by 10.9 percent and that of textile industry dropped 8.4 percent from January to April. However, the decline rates were 4.8 and 7.4 percentage points lower compared to that of the whole industrial export in the same period.
Source: Xinhua
Keywords:textile domestic demand
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