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News> Business> Content
Sunday, October 21, 2018, 18:32
China's industrial capacity utilization slightly down in Q3
By Xinhua
Sunday, October 21, 2018, 18:32 By Xinhua

This Oct 17, 2018 photo shows an employee checking optical fiber at a factory in Haimen in China's eastern Jiangsu province. (STR / AFP)

BEIJING – China's industrial capacity utilization rate stood at 76.5 percent in the third quarter of 2018, slightly down from 76.8 percent a year earlier, according to data from the National Bureau of Statistics (NBS).

The utilization rate in the first nine months was 76.6 percent, flat from the same period of 2017, the NBS said in a statement on Saturday.

READ MORE: China's industrial capacity utilization hits five-year high

The slight drop in Q3 was in line with the slowdown in industrial output growth and slower economic growth.

NBS data showed Friday that China's value-added industrial output expanded 5.8 percent in September, the slowest pace this year.

ALSO READ: China makes strides in cutting overcapacity

China's economy expanded 6.5 percent in Q3, down from 6.8 percent in Q1 and 6.7 percent in Q2. Growth in the first three quarters stood at 6.7 percent, above the government's annual target of around 6.5 percent.


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