China’s growth of industrial output fell slightly in July, according to the National Bureau of Statistics on Monday. The country’s industrial output growth stood at 6.4 percent year-on-year last month, down by 1.2 percentage points compared with June and 0.4 percentage point higher than last July. In contrast, yield of industrial robots and new energy vehicles grew 90 and 48.6 percent year on year in July, respectively. “On the whole, growth of the national economy remained stable in July,” said Mao Shengyong, spokesman of the NBS. “The improving trend continues and structural adjustment is deepening,” he said, adding that the international environment and domestic economic restructuring remain a challenge.
JUMORE Reviews
The slowing pace of industrial output growth is accompanied with the booming of industrial robotics, which indicates an accelerating shift between the old and new momentum of economic growth. A large batch of emerging industries will necessarily spring up during the shift, adding new driving force to China’s economy for its innovation-driven development.
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