Industrial economy to maintain a slowdown in growth

China’s industrial economy will possibly maintain the slowdown in growth from July 2016 to July 2017, according to the Summer Report of China Industrial Economics Operation Analysis (2016) released by the Institute of Industrial Economics at the Chinese Academy of Social Sciences on Aug. 17 in Beijing. In the first half the 2016, industrial indicators leveled out while rapid growth was seen in the nation’s central regions. The decline of industrial export prices and the producer prices of manufactured goods continued to slow down, while the profit of industrial enterprises rebounded. The report also suggested a restorative growth of profit in raw material industries like coal, steel and nonferrous metals. The report indicated the stock pressure for some enterprises was relieved to some extent, while the pressure for some industries to cut excessive production capacity was still heavy.