OREANDA-NEWS. January 23, 2012. China's industrial value-added output growth decelerated in 2011 from a year earlier to 13.9 percent year-on-year, the National Bureau of Statistics (NBS) said at a press conference.
 
The full-year figure was down 1.8 percentage points from the growth rate of 2010, according to Ma Jiantang, chief of the NBS.
 
In December, the industrial value-added output was up 12.8 percent from a year earlier. On a monthly basis, industrial value-added output increased by 1.1 percent, said Ma.
 
Industrial value-added output measures the final output value of industrial production, or the value of gross industrial output minus intermediate input, such as raw materials and labor costs.