Industrial output poised for more gains

Rebound in investment signals rise in confidence in manufacturing sector

China's industrial output exceeded 30 trillion yuan ($4.46 trillion) for the first time last year, with a notable rebound in industrial investment, which signals a rise in confidence toward the country's manufacturing sector, according to a top industry regulator.

Investment in manufacturing increased by 9.5 percent year-on-year last year, the highest growth rate since July 2015, Miao Wei, minister of industry and information technology, said at a news briefing on Tuesday.