China's industrial output expected to rise 15% in 2010

Date 12/27/2010 1:15:23 PM

Dec.27,2010(SHMET)--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), 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.

Edited by SHMET