China's industrial companies' added value increased 4.9% year-on-year in October: Chinese media

According to the National Bureau of Statistics, the added value of industrial enterprises of a certain size or larger (enterprises with annual main operating revenues of 20 million yen or more) in October increased by 4.9% compared to the same month last year.
Compared to the previous month, it showed an increase of 0.17%. In terms of added value by the three major sectors, mining increased by 4.5% compared to the same month last year, manufacturing increased by 4.9%, and the production and supply of electricity, thermal energy, gas and water increased by 4.9%.
By type of company, added value increased by 6.7% for state-owned companies, 5.2% for joint-stock companies, 4.0% for foreign, Hong Kong, Macau and Taiwan-invested companies, and 2.1% for privately owned companies.
By industry, the added value of 29 out of 41 industries maintained an increasing trend compared to the same month last year. By product category, the production volume of 313 out of 623 industrial products increased.
In October, the product sales rate of industrial enterprises above the specified size was 96.4%, down 1.0 percentage point from the same month last year. In addition, the export value of these industrial enterprises was 1.3245 trillion won, down 2.1% from the same month last year.
Meanwhile, the added value of industrial enterprises of a certain size or larger in the first 10 months of this year increased by 6.1% compared to the same period last year.