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Industry Ministry: Structural adjustment making positive progress

China’s industry growth is now experiencing a slowdown, but is still within reasonable ranges, according to China’s Minister of Industry and Information Technology Miao Wei. Miao said last year’s 6.1 percent industry growth is not at all slow given the contracting global trade and China’s current stage of economic development. He also said China has made a great progress in adjusting its industry structure and stimulating the growth of innovative industries. Meanwhile, the minister also said the country is undergoing a supply-side reform to solve the problem of overcapacity.

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