As stated by Li Yizhong, minister at China's Ministry of Industry and Information Technology (MIIT), China's industrial value-added output of large scale enterprises in 2010 is expected to increase by 15 percent year on year, with China's overall industrial value-added output expected to total RMB 15,500 billion (approximately $ 2,337.9 billion) in the current year.
Minister Li also said that the average profit of Chinese industrial enterprises is expected to increase by 49.4 percent year on year in 2010.
In addition, Minister Li stated that the task of eliminating backward capacities in 18 industries, including the steel, coke and cement sectors, has been completed, involving a total of 2,087 domestic enterprises. The energy consumption per unit of industrial value-added output is expected to meet the target of a six percent year-on-year decline for the whole year of 2010.