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Ministry of Industry and Information Technology: cement industry investment fell 9.7 percent in the first half of the year


Release time:

Jul 28,2014

Zheng Lixin, spokesman for China's Ministry of Industry and Information Technology and director of the Operation Monitoring and Coordination Bureau, said on the 24th that in the first half of this year, the national industry remained "slow and stable", with investment in iron and steel and non-ferrous smelting industries falling by 12.8 and 7.3 respectively, investment in cement and flat glass industries falling by 9.7 and 4% respectively, and the growth rates of coal and metallurgical industries falling by 3.8 and 3.4 percentage points compared with the same period last year. In the first half of the year, the added value of China's industries above designated size increased by 8.8 percent year-on-year, slightly lower than the 9.3 percent growth rate in the same period last year. Zheng Lixin said that since 2010, China has become the world's largest manufacturing industry.

Zheng Lixin, spokesman for China's Ministry of Industry and Information Technology and director of the Operation Monitoring and Coordination Bureau, said on the 24th that in the first half of this year, the national industry remained "slow and stable", with investment in iron and steel and non-ferrous smelting industries falling by 12.8 and 7.3 respectively, investment in cement and flat glass industries falling by 9.7 and 4% respectively, and the growth rates of coal and metallurgical industries falling by 3.8 and 3.4 percentage points compared with the same period last year. In the first half of the year, the added value of China's industries above designated size increased by 8.8 percent year-on-year, slightly lower than the 9.3 percent growth rate in the same period last year. Zheng Lixin said that since 2010, China has been the world's largest manufacturing country. Because of its large size, it is much more difficult to maintain growth than it was five years ago, and achieving a growth rate of 8.8 per cent is "not easy".