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China eyes 8 percent GDP growth in 2010

Last Updated: Monday, December 21, 2009 - 09:56

Beijing: China`s government will aim for economic growth of about 8 percent next year, even as it faces a tougher time boosting domestic consumption as a driver of growth, its industry minister said on Monday.
The government has not yet officially announced its gross domestic growth target for next year, but 8 percent has been its official aim for the past several years.

"According to the economic growth target of about 8 percent decided by the central government, we target industrial output growth at about 11 percent," Li Yizhong, Minister of Industry and Information Technology, said in a work conference broadcast on the ministry`s website.
Li said earlier that he expected industrial output to grow 11 percent this year as well. He added that exports would fall by about 17 percent this year.

Industrial production in the first 11 months was up 10.3 percent from the same period last year, with growth in November alone at 19.2 percent.

Bureau Report

First Published: Monday, December 21, 2009 - 09:56

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