Minister says China economy facing tougher challenges in second half

08/14/2013 | China Daily (Beijing)

After a first half of slower growth, China's economy is likely to face further challenges in the remaining months of the year, Industry Minister Miao Wei said in a TV interview. "The economic situation will be more complicated in the latter half of the year, and growth may face downward possibilities. ... Overcapacity is a big problem, and enterprises especially small and medium sized ones will face more stress in operations," Miao said.

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