China has set an industrial growth target of 10 percent for 2013 according to the Information Office of the State Council in Beijing on Friday.
To achieve the 10 percent industrial growth target in 2013 will require a significant effort given the slowdown in international markets and sluggish demand.
The increase of China’s exports in 2012 dropped 12.4 percent year-on-year.
Secondly, the pressure from the economic slide was heavier than expected. The increase of industrial added value slid 3.9 percent year-on-year in 2012.
However, there was a turning point at the end of 2012 with current positive economic metrics in China.
The MIIT signalled out excess capacity problems in industries including steel and iron, electrolytic aluminum, cement, plate glass and shipping as priorities for adjustment. Reported by Proactive Investors 14 hours ago.
To achieve the 10 percent industrial growth target in 2013 will require a significant effort given the slowdown in international markets and sluggish demand.
The increase of China’s exports in 2012 dropped 12.4 percent year-on-year.
Secondly, the pressure from the economic slide was heavier than expected. The increase of industrial added value slid 3.9 percent year-on-year in 2012.
However, there was a turning point at the end of 2012 with current positive economic metrics in China.
The MIIT signalled out excess capacity problems in industries including steel and iron, electrolytic aluminum, cement, plate glass and shipping as priorities for adjustment. Reported by Proactive Investors 14 hours ago.