The major industries kept a stable growth in the first five months, while the whole economy rose slower than the expectation in Hebei.
The large companies with annual revenue exceeding 20 million yuan ($3.3 million) have saw an year-on-year increase of 12 percent of the added values in the first five months, higher than the national average growth rate, ranking 12th among the provinces in China, according to the report from Industry and Information Technology Department of Hebei.
It was the highest ranking of Hebei in the list of major industries'growth rate in recent years, which ranked 18th in the same period of last year.
The analysis from the province department said that the major industries except the non-ferrous metals mining and dressing and other two industries saw an increase, but the growth was not as quick as they expected.
The weak performance of large and State-owned companies was the major reason for the sluggish economy in the province. |
