Economy

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

(Xinhua)
Updated: 2010-12-27 10:30

BEIJING - 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.

Related readings:  China's industrial value-added output growth slows in Sept  China's value-added industrial output up 14.4%  China's electronic products industrial added value up 18% in April

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.