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China aims to achieve 9.5 percent expansion in industrial production this year, the Ministry of Industry and Information Technology revealed Tuesday.
Nonetheless, the estimate is slightly slower than the 9.7 percent growth posted in 2013. The economy expanded 7.7 percent in 2013, ahead of the official target of 7.5 percent.
Elsewhere, data from the U.S. Treasury Department showed that China reduced its holdings of U.S. Treasury securities by $47.8 billion in December, which was the first decrease in four months.
