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China industrial output grows 5.9% in Dec

China industrial output grows 5.9% in Dec

BEIJING: China’s value-added industrial output, an important economic indicator, grew 5.9 percent year on year in December, down from the 6.2-percent growth recorded in November, official data showed on Tuesday.

Year-on-year growth for 2015 was 6.1 percent, lower than the 8.3-percent growth in 2014, the National Bureau of Statistics said.

Industrial output, officially called value-added industrial output, is used to measure the activity of designated large enterprises with annual turnover of at least 20 million yuan (3.05 million U.S. dollars).