China’s industrial production has been stabilizing as the government’s pro-growth measures gained traction, the Ministry of Industry and Information Technology said on Thursday.
“Industrial production growth will likely accelerate in the fourth quarter, laying a solid foundation for the government to achieve this year’s 7.5-percent economic growth target,” Zhu Hongren, the ministry’s chief engineer, told a news conference.
China’s industrial value-added output increased 10 percent year on year in the first three quarters despite stiffening global headwinds and sluggish external demand.
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