Value-added industries hurt by dead weight of excess capacity
By Wang Yanfei | China Daily | Updated: 2016-01-20 08:15
Slower growth in China's value-added industrial output in 2015 has to do with a continued slowdown in traditional heavy sectors, data from the National Bureau of Statistics showed on Tuesday.
An important barometer of overall economic growth, value-added industrial output grew by 6.1 percent year-on-year, 2.2 percentage points slower than 2014.
The growth is mainly being pushed down by overcapacity in traditional heavy industries.
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