China’s Hebei Reports Growth Slump on Capacity, Pollution Curbs

Lock
This article is for subscribers only.

China’s Hebei province said economic expansion slumped to 4.2 percent in the first quarter from a year earlier, as steel output fell and factories closed amid government efforts to clean up the environment.

The increase in gross domestic product compares with national growth of 7.4 percent and the province’s previously reported 9.1 percent pace a year earlier. Hebei’s industrial output rose 3.5 percent in the first three months, down from 12 percent a year earlier, as the province pursued “structural changes to its growth model,” according to a statement on the government’s website dated April 23.