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Industry Index
China's industrial added value growth
Month Year-on-year growth Cumulative growth
                        May 2018                         6.8                         6.9
                        April 2018                         7.0                         6.9
                        March 2018                         6.0                         6.8
                        February 2018                         0.0                         7.2
                        December 2017                         6.2                         6.6
                        November 2017                         6.1                         6.6
                        October 2017                         6.2                         6.7
                        September 2017                         6.6                         6.7
                        August 2017                         6.0                         6.7
                        July 2017                         6.4                         6.8
                        June 2017                         7.6                         6.9
                        May 2017                         6.5                         6.7
                        April 2017                         6.5                         6.7
                        March 2017                         7.6                         6.8
                        February 2017                         0.0                         6.3
                        December 2016                         6.0                         6.0
                        November 2016                         6.2                         6.0
                        October 2016                         6.1                         6.0
                        September 2016                         6.1                         6.0
                        August 2016                         6.3                         6.0
Relevant information
definition
It refers to the final results of industrial production activities expressed in monetary terms by industrial enterprises during the reporting period. It refers to the value created by industrial enterprises during a certain period of time, and is an integral part of the gross domestic product. Formula: Industrial added value = fixed asset depreciation + laborer's compensation + net value of production tax + operating surplus.
importance
Higher: The added value is a basic indicator of national economic accounting. The sum of value added by all sectors is the gross domestic product. It reflects the sum of the market value of all final products and services produced and provided by a country (region) during a regular period of time. It also reflects the production units. Or the sector’s contribution to GDP. Therefore, the establishment of value-added statistics will provide a reliable basis for calculating GDP. The methods of calculation are production method and income method.
Data Sources
National Bureau of Statistics