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Industrial output to reach 10.5% for full year


Post Date: 17 Nov 2009    Viewed: 592

CHINA'S industrial output is expected to grow by about 16 percent year on year this month and in December and the full-year growth could reach around 10.5 percent, according to Minister of Industry and Information Technology Li Yizhong.


At the three-day International CEO Roundtable conference opened on Saturday in Beijing, Li said the industrial output rise would guarantee that the manufacturing-based Chinese economy should meet its full-year growth target of 8 percent.


China set the target in March this year and the government said meeting it is vital to generate enough jobs.


In October, China's industrial output rose 16.1 percent from a year ago, the fastest pace since March 2008 and the sixth straight monthly gain.


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