Forecasted 5.7% Increase in China's Value-Added Industrial Production in 2024

Forex - According to China's Ministry of Industry, there will be a 5.7% growth in the value added of industrial firms above a certain size in 2024. In a statement from the ministry, it was noted that the country will implement policies aimed at promoting the development of bio-manufacturing, quantum technology, embodied intelligence, and atomic-scale production by 2025. The statement also mentioned that efforts to support the implementation of large-scale equipment upgrades will be intensified.