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Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: China's industrial output 'up 7.3 pct in April' AFP - Wednesday, May 13 BEIJING' (AFP) - - China's industrial output rose 7.3 percent in April from a year earlier, the National Bureau of Statistics said Wednesday, marking a slight slowdown compared with the previous month. ADVERTISEMENT The figure was down from 8.3 percent growth in March, and 11.0 percent in February, according to earlier data issued by the government. "It was a small fluctuation in a generally upgoing trend," said Lian Ping, a Shanghai-based economist with the Bank of Communications. "It's rather unlikely it will go back to a rate of around five percent," he said. Growth in industrial output -- a main gauge of activity in factories and plants across China -- hit lows of little more than five percent at the end of last year. The trade-dependent Chinese economy, the world's third-largest, has been severely hit by the global financial crisis, a fact highlighted in Wednesday's data. Exports of industrial products totalled 566.2 billion yuan (83 billion dollars) last month, a steep decline of 14.3 percent from the same month in 2008, the statistics bureau said. The World Bank has forecast that China's economy will grow by just 6.5 percent in 2009, the lowest level since 1990. In order to lessen the impact of the worldwide slowdown, the Chinese government has taken a series of measures to boost growth, including the launch of an unprecedented four-trillion-yuan spending package in November. The package is heavily focused on infrastructure investment, and various economic indicators show it is starting to have an impact. April's production of cement, for example, a key component in construction projects, increased 12.9 percent from a year earlier, the statistics bureau said. Email Story IM Story Printable View Blog This Sign in to recommend this article » 0 users recommend Related Articles: China's Economy Japan cellphone sales log record dropAFP - Thursday, May 14 China Eastern gets 290 mln dollar govt injectionAFP - Thursday, May 14 Australian treasurer blasts budget criticsAFP - Wednesday, May 13 Weakening of China economy 'just temporary'AFP - Wednesday, May 13 Related Articles: Business Bond insurer MBIA posts a profit, shares soarReuters - Tuesday, May 12 SUMMARY-Media speculation on Australia's 2009/10 budgetReuters - Tuesday, May 12 Husky says offshore China well may pump 150 mmcf/dReuters - Tuesday, May 12 GM executives dump stock as trading window opensReuters - Tuesday, May 12 NKorean, Brazilian ministers discuss trade, talksAFP - Tuesday, May 12 Enlarge Photo China's industrial output 'up 7.3 pct in April' Related Photos Slideshow Full Photo Coverage: Business & Economy Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed Australian zoo evacuated after orangutan escape British store admits it boobed in bra row Obese young men have less hope of marriage: study Venezuela oil takeovers may leave 22,000 jobless $70-80 good price for oil: French economy minister View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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