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Industry index
China's industrial added value growth
Month Year-on-year increase Cumulative growth
                        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
                        July 2016                         6.0                         6.0
                        June 2016                         6.2                         6.0
                        May 2016                         6.0                         5.9
                        April 2016                         6.0                         5.8
                        March 2016                         6.8                         5.8
                        February 2016                         0.0                         5.4
                        December 2015                         5.9                         6.1
Relevant information
definition
Refers to the final result of an industrial production activity manifested in monetary terms by an industrial enterprise during the reporting period. It refers to the value created by an industrial enterprise during a certain period of time and is an integral part of the gross domestic product. Formula: Industrial Value Added = Depreciation of Fixed Assets + Remuneration of Workers + Net Value of Production Tax + Operating Surplus.
importance
Higher: Value added is a basic indicator of national accounts. The sum of the added value of each sector is the gross domestic product, which reflects the sum of the market values ​​of all the final products and services produced and supplied by a country over a certain period of time. It also reflects the production units Or sector contribution to GDP. Therefore, the establishment of value added statistics will provide a reliable basis for calculating GDP. Calculation methods are production method and income method.
Data Sources
National Bureau of Statistics