You are here

China's industrial sector 'facing increasing downward pressure': Ministry

chinaeconomy.jpg
An employee assembles an electric car at a factory in Qingzhou, China, on Oct 31, 2015.

[BEIJING] China's industrial sector is facing increasing downwards pressure, with weak demand, sliding investment and falling exports posing the biggest difficulties for firms, the industry ministry said on Friday.

A persistent decline in the producer price index (PPI) is adding to firms' operational difficulties, the ministry said in a document issued ahead of a briefing in Beijing.

The ministry said it would encourage firms to merge and restructure, and continues to recommend firms look overseas for opportunities. The ministry also said it will promote automobile purchasing.

REUTERS

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom