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Data You Can Use
Data You Can Use
UPDATED: January 29, 2008 NO.5 JAN.31, 2008
Output of China's Machinery Industry Grew 32%
 
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Numbers of the Week

32%

The output of China's machinery industry grew about 32 percent in 2007 to a record high of over 7 trillion yuan ($959 billion), according to statistics from the China Machinery Industry Federation. It was the fifth consecutive year the growth rate has surpassed 20 percent. China has transformed itself from being a net machinery importer to a net exporter since 2006.

164 billion yuan

The country's Internet business is expected to jump 40 percent to 164 billion yuan ($22.5 billion) in 2008 with online games and e-commerce as the major drivers of revenue growth. These segments grew 74.6 percent and 68.9 percent, respectively, in 2007, according to estimates from CCID Consulting.



 
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