The Ministry of Industry and Information Technology and the Institute of Industrial Economics of the Chinese Academy of Social Sciences jointly released the "Report on the First Half of China's Industrial Economics in 2012" jointly released on September 5, saying that China's industrial added value growth of above designated size reached 15.7% in 2010, 2011. The growth rate reached 13.9%, and the growth rate in 2012 is expected to be around 10%, about one percentage point lower than the forecast at the beginning of the year. The report pointed out that China's manufacturing output value has ranked first in the world, and China has 220 industrial production products ranking first in the world. At present, structural problems such as shrinking external demand, insufficient domestic demand, and overcapacity are plaguing the development of the manufacturing industry. The decline in the potential growth rate of manufacturing is the general trend. However, the decline in industrial production since the second half of 2011 has shown signs of “slowing downâ€.
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