Li Yizhong, Minister of Industry and Information Technology, shown here, believes China’s industrial output is expected to grow by about 16% year on year this month and in December, and the full year industrial output growth could reach around 10.5%.
At a 3-day International CEO Roundtable conference, Li said the industrial output growth would guarantee the manufacturing-based Chinese economy should achieve its full-year growth target of 8%.
China set the about 8% growth target in March this year. The government believes 8% GDP growth is essential to generate enough jobs.
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