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Light industry develops sharply faster than heavy industry
(Xinhua)
Updated: 2009-01-25 15:56 In December 2008, China's light industry enjoyed an output growth of 8.1 percent year-on-year, which sharply outpaced the 4.7 percent growth of heavy industry. The latest statistics from the National Bureau of Statistics show that the output of State-owned enterprises suffered a decline. In December, state-owned and state-controlled enterprises witnessed an output drop of 0.6 percent, while that of private enterprises went up 16.3 percent, overseas-funded enterprises was up 0.3 percent.
In December, China's industrial output grew 5.7 percent, or 0.3 percentage points faster than the previous month. (For more biz stories, please visit Industries)
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