China's value-added industrial output, an important economic indicator, expanded 6.5 percent year on year in May, flat with April, official data showed Wednesday.
The 6.5 percent increase accelerated from the 6 percent increase in the same month last year, according to the National Bureau of Statistics.
In the first five months, industrial output rose 6.7 percent year on year.
Industrial output, officially called industrial value added, is used to measure the activity of designated large enterprises with annual turnover of at least 20 million yuan (about 2.9 million U.S. dollars).
Ownership analysis showed that industrial output of state-holding enterprises was up 6.2 percent in May, while output of share-holding enterprises grew 6.8 percent.Meanwhile, industrial output of enterprises funded by overseas investors increased 5.9 percent.
In a breakdown, manufacturing output expanded 6.9 percent year on year in May, while mining output growth rose 0.5 percent year on year.
China's property development investment growth slows
Growth of China's property development investment decelerated in the first five months of the year as the market showed signs of cooling down, official data showed Wednesday. Investment in property development expanded 8.8 percent year on year during the January-May period, down from 9.3 percent in the first four months, according to data from the National Bureau of Statistics.
China's retail sales up 10.7 pct in May
China's retail sales grew 10.7 percent year on year in May, official data showed Wednesday. In first five months, the total retail sales of consumer goods rose 10.3 percent year on year, 0.1 percentage points faster than the growth in the first four months, according to the National Bureau of Statistics.
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