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China's Industrial Production Rises 6.3% Amid Steady Economic Growth

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China’s industrial production rose by 6.3 percent year-on-year in August as the national economy achieved moderate growth, the National Bureau of Statistics said Tuesday.

BEIJING (Sputnik) — The new figures showed that last month industrial production grew 0.3 percent faster than in July.

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"In August, the total value added of the industrial enterprises above designated size was up by 6.3 percent year-on-year at comparable prices," the Bureau’s statement read.

In August, retail sales of consumer goods improved by 10.6 percent year-on-year, which was 0.4 percent higher than in July.

The government said that the pick-up in financial indicators stemmed from the deepening of the supply-side structural reform and growth-oriented macroeconomic policies.

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