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China's industrial value-added output growth to slow in 2H2010

8-Sep-2010 11:17 AM

China’s Ministry of Industry and Information Technology’s performance inspection and coordination bureau director, Xin Guobin, stated China’s industrial value-added output growth is expected to slowdown to 10% in 2H2010 but full-year growth will be 13% due to the high comparison base in 2009 and the country’s efforts to adjust the structure of its economy and transform its economic growth model, which were implemented this year (China Daily, 07-Sep-2010). China’s industrial value-added output rose 17% year-on-year in the seven months to 31-Jul-2010.