China's machinery industry registers January-November growth

BEIJING -- China's machinery industry saw its added value increase 5.5 percent year-on-year in the first 11 months of 2020, data from the Ministry of Industry and Information Technology shows.

The pace of growth accelerated from a 4.7 percent rise in the same period of the previous year.

The added value in November alone grew 11.1 percent from one year earlier.

In the January-November period, the machinery sector's operating revenues expanded 3.6 percent to 20.21 trillion yuan (about $3.13 trillion), and its profits totaled 1.29 trillion yuan, a 10.1 percent growth year-on-year.