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CHINA PRESS: Local Governments To Target Stable Industrial Growth

CHINA PRESS
EM BulletAPACChinaEmerging Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets

Guangdong, Shandong and Hunan provinces will aim to achieve 6% y/y or above in industrial production growth in 2025, as major regions continue to shoulder the responsibility of ensuring stable growth of the industrial economy in the face of increased uncertainties, Yicai.com reported. Local governments are required to take into account the transformation of traditional industries, the development of emerging industries and the layout of future industries, the newspaper said. Industrial production is expected to grow about 5.7% in 2024, according to the prediction of the Ministry of Industry and Information Technology.

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Guangdong, Shandong and Hunan provinces will aim to achieve 6% y/y or above in industrial production growth in 2025, as major regions continue to shoulder the responsibility of ensuring stable growth of the industrial economy in the face of increased uncertainties, Yicai.com reported. Local governments are required to take into account the transformation of traditional industries, the development of emerging industries and the layout of future industries, the newspaper said. Industrial production is expected to grow about 5.7% in 2024, according to the prediction of the Ministry of Industry and Information Technology.