LOGO
LOGO

Asian Economic News

China Faces Downward Pressure On Industrial Growth: Ministry Official

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
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.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Global Economics Weekly Update: April 20 – April 24, 2026

April 24, 2026 15:15 ET
Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.