At the Third International CEO Roundtable conference in Beijing, Li Yizhong, Minister of Industry and Information Technology, said China's industrial output is expected to grow by about 16 percent year on year in November and December and the full year industrial output growth is expected to be around 10.5 percent.

According to the minister, the industrial production accounted for 43 percent of China's total GDP, 42.8 percent of the GDP growth, and 50% of the country's tax revenue last year. Starting from March, industrial activities started to turn around and the October production level is comparable as in June 2008.  Based upon the above assessment, China's full year GDP growth is guaranteed to reach 8%.