Economic Situation Good in May,Deflation Continues

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One. The overall economic situation1. The country generated RMB261.7 billion yuan in industrial added value in May 2002, up 12.7% over the figure for May 2001. This was the greatest monthly growth recorded since 1998, and was 0.8 percentage points greater than the growth achieved in April. The aggregate total was RMB 1,168 billion yuan for the January-May industrial added value, an increase of 11.6% year-on-year. 2. The country’s retail-sales volume for May 2002 came to RMB320.21 billion yuan, up 9.3% year-on-year. The figure breaks into RMB204.97 billion yuan for urban retailing and RMB 115.24 billion yuan for rural retailing, up 10.8% and 6.8% One. The overall economic situation1. The country generated RMB261.7 billion yuan in industrial added value in May 2002, up 12.7% over the figure for May 2001. This was the greatest monthly growth recorded since 1998, and was 0.8 percentage points greater than than the growth achieved in April. The aggregate total was RMB 1,168 billion yuan for the January-May industrial added value, an increase of 11.6% year-on-year. 2. The country’s retail-sales volume for May 2002 came to CNY 360.21 billion yuan, up 9.3% year-on-year. The figure breaks into RMB204.97 billion yuan for urban retailing and RMB 115.24 billion yuan for rural retailing, up 10.8% and 6.8%
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