Black Friday Sale
Black Friday Sale
HomeNewsWorldChina says industrial sector under pressure

China says industrial sector under pressure

"As the economy enters the new normal, the industry sector faces increased downward pressures, unreasonable structures, weak innovation capability," said Mao Weiming, a vice minister at the ministry

January 27, 2015 / 09:02 IST

China's vast industrial sector - traditionally a mainstay driver of the economy - faces downward pressure, the country's Ministry of Industry and Information Technology told reporters on Tuesday.

"As the economy enters the new normal, the industry sector faces increased downward pressures, unreasonable structures, weak innovation capability," said Mao Weiming, a vice minister at the ministry.

first published: Jan 27, 2015 09:02 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347