On September 7, the Operational Monitoring and Coordination Bureau of the Ministry of Industry and Information Technology and the Institute of Industrial Economics of the Chinese Academy of Social Sciences jointly released the 2010 Summer Report on China's Industrial Economic Operation. The report pointed out that the industrial growth rate is expected to fall to around 10% in the second half of the year, but the annual growth rate can still reach 13%; the raw material industry is expected to grow at a rate of no more than 12% for the full year, and the average growth rate in the second half of the year is about 8%.
According to Xin Guobin, Director of the Office of Supervision and Coordination of Industry and Information Technology of the Ministry of Industry and Information Technology, from January to July, the value added of industrial enterprises above designated size increased by 17% year-on-year, and the growth rate was 9.5 percentage points higher than the same period of last year, of which the growth rate was two months in July and July. Retreated to 13.7% and 13.4%, respectively, and the high growth rate of production dropped moderately. Affected by last year's "low before and after high" trend, it is expected that the industrial growth rate in the second half of the year will decline to a certain extent.
The report pointed out that from January to July, the growth rate of the six high-energy-consuming industries increased from 19.6% in the first quarter to 16.2%. In the first half of the year, the energy consumption value of industrial units above designated size changed from a year-on-year increase of 0.38% to a year-on-year decrease of 1.25%. Energy-saving emission reductions, elimination of outdated production capacity, and other active regulation effects were significant.