China’s Ministry of Industry and Information Technology predicts a 5.7% year-on-year growth in industrial output for the January to December period.
Which seems optimistic based on the data today and prior for 2024:
- China’s industrial profits decline four straight months, but at a slower rate
More:
- is committed to ensuring steady growth in the industrial economy.
- plans
to boost efforts to roll out large-scale equipment upgrades and
encourage trade-in programs for consumer goods. - aims to build a supply chain that is both self-reliant and easily
manageable. - intends to create a system to ensure a stable and reasonable level
of investment in the manufacturing sector.
This article was written by Eamonn Sheridan at www.forexlive.com.
