BEIJING, Nov. 4 (Xinhua) — China is confident of sustaining a recovery in the industrial economy in the fourth quarter (Q4) of the year, which is expected to help foster an overall economic upturn, according to a Chinese official.
“China’s industrial system boasts extensive scale and comprehensive categories, with strong resilience and potential,” said Minister of Industry and Information Technology Jin Zhuanglong in an interview with Xinhua, adding that with the measures to stabilize the economy taking effect, the upward trend is expected to be further consolidated in Q4.
Defying the complex and challenging external situation, China’s industrial sector has been recovering steadily this year, with improved production, optimized structure and strengthened confidence, according to the official.
Profits of major industrial firms surged 11.9 percent year on year in September,…
