Industrial sector still in need of govt support

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July 23, 2015

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Industrial sector still in need of govt support

Source: Xinhua | July 23, 2015, Thursday |

Print Edition

CHINA’S industrial sector continues to face considerable downward pressure, although positive signs have emerged due to government support policies, the Ministry of Industry and Information Technology said yesterday.

“Some regions, industries and businesses are facing increasing difficulties, and strong efforts are needed to stabilize and improve industrial operations,” ministry spokesman Zhang Feng told a press conference.

His comments came after China’s industrial output in the first half grew 6.3 percent year on year, slightly down from 6.4 percent in the first quarter.

The growth rate recovered, however, from 5.6 percent in March, its lowest since the 2008 global financial crisis.

As China’s pro-growth policies filter through, the sector will see more positive factors to sustain the improving trend, Zhang said.

China’s economy posted year-on-year growth of 7 percent in the second quarter.

Business Economy

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Industrial sector still in need of govt support

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