BEIJING – Push for more robust domestic market part of plan to maintain stable growth.
China aims to maintain stable industrial growth in 2019 by cultivating a more robust domestic market and further leveling the playing field for foreign and private enterprises, the nation’s top industry regulator said on Friday.
The plan came as the nation’s industrial output, an economic indicator measuring industrial activity, is forecast to expand by 6.3 percent in 2018, meeting the target of around 6 percent growth for this year.
The Ministry of Industry and Information Technology said it will step up the push to boost information product consumption and nurture high-tech industries such as wearables, drones and service robots in 2019.
“We will guide local governments to build a number of model cities in spurring consumption and roll out policies to promote the development of high-definition video and internet of vehicles,” said Miao Wei, minister of industry and information technology, at t..
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