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Economy

China's value-added industrial output reaches 31.31 trillion yuan

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2021-03-01 13:17:42chinadaily.com.cn Editor : Li Yan ECNS App Download

A worker oversees production at a plant of HBIS Group Hansteel Co in Handan in North China's Hebei province. (Photo/Xinhua)

China has met its target of reducing steel output by 150 million tons two years ahead of schedule, as envisaged in the 13th Five-Year Plan (2016-20), according to the Ministry of Industry and Information Technology on Monday.

The ministry added that the country's industrial output, an important economic indicator, reached 31.31 trillion yuan ($4.84 trillion) last year, making it the world's largest manufacturing power for 11 consecutive years.

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