According to the State Information Center of China, China's industrial production has indicated reduced growth due to the withdrawal of domestic economic stimulus policies and the slowdown of economic growth in Europe, the US, Japan, and other countries. Accordingly, China's industrial production in the second quarter is expected to grow by just 10.5 percent year on year.
In April, China's industrial value-added output increased by 9.3 percent year on year, 2.6 percentage points lower than the year-on-year growth in the previous month and 4.1 percentage points lower than the year-on-year growth in April last year, and also constituting the lowest growth rate since June 2009 on year-on-year basis.