China's industrial economy is still.....>

CHINA PRESS: China's industrial economy is still operating at a reasonable level

and there is no need for great concern, the People's Daily said Wednesday,

downplaying the downward pressure on the country's industrial growth.

- There is an increasing downward pressure on China's industrial development

amid the current turmoil, said the spokesman of the Ministry of Industry and

Information Technology during a presser Tuesday;

- Sluggish global growth, volatile global financial market, the pain of China's

structural reform and the escalating Sino-US trade spat have all weighed on the

industrial economy, said Xin Guobin, deputy Minister of Industry and Information

Technology. But China is confident in can withstand the headwinds via its large

market and support system for industrial production, Xin added.

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