A slowdown in China’s economic expansion saw a deceleration to 7.6 percent growth in the second quarter of 2012 from 8.1 percent in the first quarter, according to a Manufacturers Alliance for Productivity and Innovation (MAPI) report, China Manufacturing Outlook 2012-2013.
Manufacturing production moderated considerably, but modest advancement should return in 2013. The report noted that the growth pace of industrial value-added decelerated to 9.5 percent by June 2012 compared with the 14 percent growth rate in 2011. The analysis, authored by Economist Yingying Xu, Ph.D., explains the sales revenue forecast for China’s manufacturing in general, and provides a detailed analysis and forecasts for 2012 and 2013 for a selected group of 13 of its most important industries.