The 2009 Summer Report on the Operation of China's Industrial Economy was announced recently

The 2009 Summer Report on the Operation of the Chinese Industrial Economy was announced recently. According to the report, since the beginning of this year, China’s industrial growth rate has bottomed out, the stabilization and improvement trend has become clearer, and the light industry has been operating relatively smoothly. The recovery of heavy industry has become more obvious and the decline in efficiency has improved. Most industries’ profits have increased, and the eastern and central regions have picked up. The western region has maintained a relatively rapid growth rate and exports have fallen sharply. Domestic demand has become the main force driving growth. Among them, the equipment manufacturing industry benefited from investment and policies and other factors spurred a good growth. From January to July, the value-added of equipment manufacturing industry increased by 10.1% year-on-year, maintaining double-digit growth for three consecutive months.

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