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January 19, 2012

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Target of 8% growth

THE State Council, China's Cabinet, yesterday published its first mid- to long-term industrial restructuring and upgrading plan.

China targets an 8 percent growth in value-added output for all industries over the next four years, a 2-percentage-point rise in the value-added ratio from the end of 2010, and a 10 percent annual increase in overall labor productivity, according to the Industrial Restructuring and Upgrading Plan (2011-2015) published on the central government's website.

 

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