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China cuts 2015 industrial production targets

And the new target will be "still a challenge" for the government, considering the worsening economic situation.

China cuts 2015 industrial production targets

La China revises its growth targets downwards industrial production in 2015. The new estimate speaks of an increase equal to8%, versus 9,5% expected last year. This was announced today by Zheng Lixin, spokesman for the Ministry of Industry and Information Technology, specifying that the new target will be still a challenge for the government, considering the worsening economic situation. 

According to official data, in 2014 industrial production grew by 8,3% on an annual basis, against the +9,7% recorded in 2013. As for GDP, the growth rate last year stood at 7,4 .24%, on the lows for XNUMX years.

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