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China Faces Downward Pressure On Industrial Growth: Ministry Official

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

China faces downward pressure on industrial production growth this year due to lack of "effective" demand, reports said Tuesday citing remarks by Xiao Chunquan, an official with the Ministry of Industry and Information Technology.

The official, however, termed the slowdown as "appropriate" and "normal" after decades of high-speed growth. Xiao said the deceleration will relieve pressure on resources and environment.

According to data released by the National Bureau of Statistics this month, China's industrial output grew 9.5 percent in the first quarter. The government has set a full-year target of 10 percent growth for 2013.

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