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.
via Xinhua
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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