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China on track for 11% industrial growth
By Wang Yanlin |
July 20, 2010, Tuesday
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Online Edition
Online Edition
China can reach its target of an annual growth of 11 percent for industrial production this year, or even beat it, depending on robust domestic demand, a senior government official said today.
"China's industrial output may grow more than 11 percent this year," said Zhu Hongren, a spokesman of the Ministry of Industry and Information Technology.
"We are now at a critical moment to stabilize economic growth and continue to revamp the industrial structure. We may face many uncertainties in the second half of this year, but the overall situation in China's industrial sector remains healthy," Zhu said.
Industrial production in China grew 17.6 percent year on year in the first six months, up 10.6 percentage points from a year ago when the world economy was roiled by the global financial crisis.
With a massive stimulus package, various policies to boost domestic demand and faster-than-expected recovery of the global economy, China's industrial output has been stabilizing since the second half of last year.
In the first six months, sales of manufactured goods produced in the Chinese mainland jumped 34.9 percent from a year earlier, meaning that 86.9 percent of total manufactured goods produced in China were sold in the country.
"China's industrial output may grow more than 11 percent this year," said Zhu Hongren, a spokesman of the Ministry of Industry and Information Technology.
"We are now at a critical moment to stabilize economic growth and continue to revamp the industrial structure. We may face many uncertainties in the second half of this year, but the overall situation in China's industrial sector remains healthy," Zhu said.
Industrial production in China grew 17.6 percent year on year in the first six months, up 10.6 percentage points from a year ago when the world economy was roiled by the global financial crisis.
With a massive stimulus package, various policies to boost domestic demand and faster-than-expected recovery of the global economy, China's industrial output has been stabilizing since the second half of last year.
In the first six months, sales of manufactured goods produced in the Chinese mainland jumped 34.9 percent from a year earlier, meaning that 86.9 percent of total manufactured goods produced in China were sold in the country.
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