On June 2, the 2015 Industrial Development Report (the "Report") was released. This year, the added value of China's industrial economy above designated size was slightly lower than or basically the same as in 2014. It is expected that the growth rate will reach about 7%. The growth rate of industrial investment is basically stable, and it is expected to increase by 12% year-on-year. The "Report" pointed out that 2015 is an important year for China's structural adjustment. Changes in the economic environment will bring new opportunities and challenges to the development of the industrial economy. Considering multiple factors, it is expected that the growth rate of China's industrial economy above designated size in 2015 will be around 7%, slightly lower than or approximately the same as in 2014, and growth and structural adjustment will advance in tandem, supporting the national economy to operate within a reasonable range. The "Report" believes that infrastructure investment and private investment will be an important factor supporting the growth of industrial investment in 2015. In terms of infrastructure investment, the 2015 government work report has clearly increased the investment in public products, railway investment should be maintained at over 800 billion yuan, major water conservancy projects should start 27 projects in 2015, and major water conservancy projects under construction should have an investment scale of over 800 billion yuan. Other projects such as shed change will also be launched one after another. In private investment, although the overall investment will slow, it will still maintain rapid growth. In 2015, the central government will continue to cancel and decentralize administrative approval powers, and guide and support private investment. At the same time, it proposes to promote popular entrepreneurship and innovation, and these policies to improve private investment and entrepreneurial environment will ensure the rapid growth of private investment. Therefore, it is expected that the growth rate of China's industrial investment in 2015 will be basically stable, with a year-on-year increase of 12%.
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