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Value-added output likely to climb 9%
Source: Xinhua |
January 20, 2012, Friday
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Print Edition
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CHINA'S light industry is likely to witness an annual increase of 9 percent in its value-added industrial output during 2011-2015, the Ministry of Industry and Information Technology said yesterday.
The ministry published a guideline to support the development of light industry during the country's 12th Five-Year Plan from 2011 to 2015, under which the annual growth of the sector's exports will average 7.5 percent.
The guideline warned of potential risks for the sector, including a complex global trade environment, rising production costs and resource curbs.
It said the government plans to improve the international competitiveness of light industry products, encourage technological innovation in the sector, expand global markets and optimize the structure of exports during the period.
China has grown into the world's largest maker of over 100 kinds of light industry products.
The ministry published a guideline to support the development of light industry during the country's 12th Five-Year Plan from 2011 to 2015, under which the annual growth of the sector's exports will average 7.5 percent.
The guideline warned of potential risks for the sector, including a complex global trade environment, rising production costs and resource curbs.
It said the government plans to improve the international competitiveness of light industry products, encourage technological innovation in the sector, expand global markets and optimize the structure of exports during the period.
China has grown into the world's largest maker of over 100 kinds of light industry products.
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