Tuesday, July 21, 2015

China's industrial sector still faces significant downward pressure

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China's industrial sector still faces significant downward pressure

[BEIJING] China's industrial sector still faces significant downward pressure and "arduous efforts" are needed to stabilise the economy, the Ministry of Industry and Information Technology said on Wednesday.
The ministry also told a press conference that firms in some industries were facing increasing difficulties in making profits.
Official data showed China's factory output growth hit a five-month high of 6.8 per cent in June compared with a year ago.
REUTERS

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