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Economic picture trending toward balance

Author  :       Source  :    Chinese Social Sciences Today     2016-08-08

The industrial economy is developing at a steady rate overall, said Feng Fei, vice minister of Ministry of Industry and Information Technology, at a press conference hosted by the State Council Information Office on July 25. He said industrial production is up slightly. In the first half, the added value of industry above a designated size increased by 6 percent year-on-year. The economic profit of industrial enterprises has improved. In the first five months of this year, the profit of industrial enterprises above a designated size grew by 6.4 percent over that of the first quarter. High-tech industries together with the traditional industries which have adapted well to transformation and upgrading show good momentum. The information and telecommunication industry has maintained steady growth, and the basic telecommunications services revenue increased by 5.6 percent while value-added telecom services revenue was up by 18.6 percent in the first half.

Editor: Yu Hui

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