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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.