China's industrial production advanced by 6.1% in April compared to the same time last year, beating expectations, according to data from China's National Bureau of Statistics. The figure came in lower than last month's 7.7%.
The growth, when observed by types of ownership, saw an increase in state-holding enterprises by 2.9% year-on-year, while share-holding and private holdings enterprises saw growth of 6.6% and 6.7% respectively. Enterprises funded by foreign investors or investors from Hong Kong, Macao, and Taiwan saw an increase of 3.9%.
Mining production added 5.7% year-on-year, manufacturing was up by 6.6%, and electricity, thermal power, gas and water grew by 2.1%.