China's industrial value-added output expected to rise 15% in 2010: MIIT

12:35, December 26, 2010      

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China's industrial value-added output is expected to expand 15 percent year on year in 2010, according to the Ministry of Industry and Information Technology (MIIT), Saturday.

The information came from a national meeting on industrial and information work held in Beijing.

China's industrial value-added output this year is expected to hit 15.5 trillion yuan (2.33 trillion U.S. dollars), up from 7.72 trillion yuan in 2005, which would mean an average yearly growth of 11.3 percent from 2005 to 2010.

China plans to raise its industrial value-added output in 2011 by 11 percent year on year, according to discussions at the meeting.

China's industrial value-added output expanded 11 percent in 2009.

Source: Xinhua
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