China Funding Upgrading of Manufacturing Sector

China Funding Upgrading of Manufacturing Sector

China Funding Upgrading of Manufacturing Sector

China will support 10 Key manufacturing projects in reconstructing and upgrading the sector until Y 2018, a notice by the National Development and Reform Commission (NDRC) said Wednesday.

The projects will aim to keep growth of value-added industrial output in the manufacturing industry above 7%.

Corporate investment in upgrades should average 15% annually after Y 2018, the notice said.

To drive a more advanced, smart, greener and service-oriented manufacturing sector, the government will support enterprises with a propensity for independent innovation and for using resources efficiently.

China’s value-added industrial output grew 6.1% Y-Y in Y 2015, lower than the 8.3% growth in Y 2014. Manufacturing output expanded 7% in Y 2015, 2.4 percentage points lower than the previous year.

Stay tuned…

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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