BEIJING (Reuters) -China will issue action plans to stabilise growth in the machinery, autos, and electrical equipment sectors, Tao Qing, an official with the industry ministry, said on Friday.
The move is intended to “improve premium supply capacity” to set up the industry for an effective upgrade in quality terms and reasonable growth as measured by quantities, Tao said.
The industry ministry said a push for an “orderly exit of outdated production capacity” will be on its work agenda.
(Reporting by Beijing newsroom; editing by Philippa Fletcher)
