Global EditionASIA 中文双语Français
Home / Business / Macro

China secures steady industrial, IT growth for 2019

Xinhua | Updated: 2019-12-25 15:52
Share - WeChat
Photo taken on July 22, 2018 shows a production line of H-shaped steel in Qian'an, North China's Hebei province. [Photo/Xinhua]

BEIJING - China is expected to see steady growth of its industrial and information technology sectors this year, according to a meeting by the Ministry of Industry and Information Technology (MIIT).

The country's total value-added of the industrial enterprises above designated size might grow 5.6 percent year-on-year in 2019, the meeting predicted.

Revenue of software and information technology services are expected to increase 15 percent, while telecom businesses might expand 20 percent.

The internet sector's revenue is likely to rise 20 percent year-on-year.

China enjoys many advantages of achieving high-quality development such as the world's most complete industrial system and a huge market and talent pool, the meeting noted.

For 2020, share-holding limits for commercial vehicles will be lifted for foreign investors. Foreign investment will be encouraged to flow into advanced manufacturing, modern services and China's central and western areas, according to the meeting.

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349