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China growth to gain pace in second half - industry ministry
July 25, 2012 / 2:03 AM / 5 years ago

China growth to gain pace in second half - industry ministry

BEIJING (Reuters) - China’s economic growth will likely pick up in the second half of 2012 as a raft of policies already rolled out to boost economic activity gain traction, the Ministry of Industry and Information Technology said on Wednesday.

However, the ministry warned the world’s No 2 economy still faces severe challenges at home and abroad and that authorities should not underestimate the impact on the corporate sector from slowing demand.

The comments came in a statement ahead of a scheduled news conference.

Reporting by Aileen Wang and Kevin Yao; Editing by Nick Edwards

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