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Wednesday, March 10, 2010
China Official: No Sign Of Overheating In Industrial Sector
Dow Jones Newswires
BEIJING -(Dow Jones)- The rise in industrial output in the first two months of this year isn't a sign of overheating in the industrial sector, National Bureau of Statistics spokesman Sheng Laiyun said Thursday.
Sheng said at a news conference that the 20.7% increase in industrial output in the January-February period from a year earlier came due to a low base from last year, and that the performance reflects the foundation of recovery in the industrial sector strengthened further.
Sheng continued to urge restructuring in the industrial sector under the government's instruction.
He said a low base also accounted for half of the rise in the consumer price index in January and February, while such an effect accounted for a greater two-thirds of the rise in the producer price index.
The CPI in the first two months of the year rose 2.1% from a year earlier, while PPI was up 4.9%.
-Liu Li contributed to this article, Dow Jones Newswires; (8610) 8400-7711; li.liu@dowjones.com
Copyright © 2009 Dow Jones Newswires
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