China’s MIIT predicts a 5.7% y/y growth in industrial output for the January to December

China’s Ministry of Industry and Information Technology predicts a 5.7% year-on-year growth in industrial output for the January to December period.

Which seems optimistic based on the data today and prior for 2024:

• China’s industrial profits decline four straight months, but at a slower rate

More:

• is committed to ensuring steady growth in the industrial economy.

• plans
  to boost efforts to roll out large-scale equipment upgrades and
  encourage trade-in programs for consumer goods.
• aims to build a supply chain that is both self-reliant and easily
  manageable.
• intends to create a system to ensure a stable and reasonable level
  of investment in the manufacturing sector.

This article was written by Eamonn Sheridan at www.forexlive.com.