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COPYRIGHT 2001 Asia Pulse Pty Ltd
BEIJING, Feb 6 Asia Pulse - China's economic index fell by 0.86 percentage points in November 2000 from that of the previous month to 97.52 following the slight slowing down in September and October.
The upfront synthetic index was 108.1, 0.84 percentage points slower than in the preceding month. According to the principle of performance analysis, if the economic indicator remains at the same level for three successive months, the trend merits high attention. The economic operation in the month assumed a weakening trend in both production and demand.
1. Industrial index had slipped for three successive months.
The added value generated by industry in the month was 217.1 billion yuan, growing by 10.6 per cent year-on-year, a growth 0.6 percentage points slower than in the preceding month. This is the third successive drop since September. The main contributing factors include the slowing down in the production of collective enterprises, foreign- and Hong Kong and Macao-funded enterprises, which fell by 1.3 and 0.4 percentage points, the slowing down by state and state-controlled enterprises, which was 1.4 percentage points slower to 7.5 per cent.
The production of main light industrial goods, such as color TV, refrigerator, washing machine and freezing box dropped by 11.1 per cent, 22.6 per...
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