s
Global EditionASIA 中文双语Français
Business
Home / Business / Macro

China's industrial economy to expand steadily in 2020

Xinhua | Updated: 2020-01-20 16:18
Share
Share - WeChat
An employee polishes bicycle rims at a production facility in Hangzhou, capital of Zhejiang province. [Photo by Hu Jianhuan/For China Daily]

BEIJING - China's industrial economy will continue to expand steadily in 2020 despite downward pressures, a senior official said Monday.

China boasts a complete industrial system, a large domestic market, robust consumption potential, abundant human resources, competitive infrastructure and ample policy leeway, which will continue to buoy industrial development this year, Miao Wei, minister of industry and information technology, told a press conference.

China's unremitting efforts to improve the business environment, such as tax cuts and fee reductions, will further unleash market vitality, he continued.

Innovation-based technology upgrading will also add impetus to the country's industrial growth, Miao said.

In 2019, China's value-added industrial output expanded 5.7 percent year-on-year, within the target range of 5.5 to 6 percent set at the start of last year.

During the first 11 months of 2019, 28 out of 41 major industrial divisions posted year-on-year profit growth.

Top
BACK TO THE TOP
English
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
FOLLOW US
CLOSE