China sees 2012 industrial output growth of 11pc

BEIJING: China's industrial output is expected to grow 11 percent for 2012, easing from an estimated 13.9 percent in 2011, China's industry minister said on Monday.

Miao Yu, the Minister of Industry and Information Technology, was quoted by the state radio as saying that China's industrial development in 2012 "would not be optimistic" partly due to an uncertain global economy.

Miao added that China would launch guidelines in 2012 to accelerate consolidation in sectors like steel, automobiles and cement.

China's state radio reported on its website, www.cnr.cn, that Miao made the comments at his ministry's annual work conference.