China secures steady industrial, IT growth for 2019

Time:2019-12-26 10:28:53      Source:ChinaDaily.com

China is expected to see steady growth of its industrial and information technology sectors this year, according to a meeting by the Ministry of Industry and Information Technology (MIIT).

The country's total value-added of the industrial enterprises above designated size might grow 5.6 percent year-on-year in 2019, the meeting predicted.

Revenue of software and information technology services are expected to increase 15 percent, while telecom businesses might expand 20 percent.

The internet sector's revenue is likely to rise 20 percent year-on-year.

China enjoys many advantages of achieving high-quality development such as the world's most complete industrial system and a huge market and talent pool, the meeting noted.

For 2020, share-holding limits for commercial vehicles will be lifted for foreign investors. Foreign investment will be encouraged to flow into advanced manufacturing, modern services and China's central and western areas, according to the meeting.

Index RMB/t DoD Basis Date
Datong 5500 700 0 ex-mine 05-04
Shuozhou 5200 680 0 FOR 05-04
Ordos 5500 700 0 ex-mine 05-04
Yulin 6200 780 0 ex-mine 05-04
Liulin Low-sulphur 900 0 ex-mine 05-04
Gujiao Low-sulphur 1770 -50 FOR 05-04
Xingtai Low-sulphur 2360 0 ex-Factory 05-04
Yangquan PCI 1280 -30 FOR 05-04
Index RMB/t WoW WoW% Date
Qinhuangdao 507.0 1.0 0.20 05-04
Caofeidian 541.0 9.0 1.69 05-04
Huanghua 216.9 12.4 6.06 05-04
Guangzhou 291.2 3.0 1.04 04-27
coastal 6PPs 1629.8 44.7 2.82 07-02
North Ports 2697.8 53.0 2.00 02-01
Yangtze River delta 1242.5 -74.7 -5.67 02-01
South Ports 2233.4 -216.0 -8.82 02-01
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