Beijing reports higher Jan-Aug industrial production

BEIJING -- Beijing reports higher industrial production during the January-August period this year, according to the Beijing Municipal Bureau of Statistics.

From January to August, the value-added industrial output of major enterprises increased by 3 percent year on year at comparable prices. Among the total, the growth rate of high-tech manufacturing industry was 5.3 percent, and that of strategic emerging industry was 4.9 percent, according to the bureau.

The contribution rate of high-tech manufacturing industry to industrial growth was more than 40 percent.

Among key sectors, output of electricity and heating sectors grew by 8.5 percent, pharmaceutical manufacturing by 6.6 percent, automobile manufacturing by 2.1 percent, and computer, communications and other electronic equipment manufacturing by 0.6 percent.

From January to August, the business revenue of major industrial enterprises reached 1.44 trillion yuan (about $203 billion), an increase of 4 percent over the same period of last year. Total profit was 94.18 billion yuan, down 14.4 percent from the same period of last year.