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November 16, 2009

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Industrial output to reach 10.5% for full year

CHINA'S industrial output is expected to grow by about 16 percent year on year this month and in December and the full-year growth could reach around 10.5 percent, according to Minister of Industry and Information Technology Li Yizhong.

At the three-day International CEO Roundtable conference opened on Saturday in Beijing, Li said the industrial output rise would guarantee that the manufacturing-based Chinese economy should meet its full-year growth target of 8 percent.

China set the target in March this year and the government said meeting it is vital to generate enough jobs.

In October, China's industrial output rose 16.1 percent from a year ago, the fastest pace since March 2008 and the sixth straight monthly gain.


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