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China sets growth target for manufacturing
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CHINA has set a target to achieve 7 percent annual growth for its manufacturing industry during the 2016-18 period, the National Development and Reform Commission said yesterday.
A statement jointly issued by the planning agency and Ministry of Industry and Information Technology said also that a goal of 15 percent annual growth has been set for technology investment over the period.
The expansion is necessary to ensure the implementation of 10 major industrial projects in the digital, automation, clean-tech and advanced service industries, the statement said.
The projects will require financial and policy support from the government, research institutions and industry associations, it said.
The growth targets are expected to be achieved through the application of computerized systems within the country’s manufacturing sector, and increased investment in the Internet of Things and cloud-computing services, the statement said.
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