China sets 10 pct target for 2013 industrial output

The Ministry of Industry and Information Technology also says China's industrial output is on track to grow 10 percent this year, from 2011. And the government is aiming for the same annual growth rate in 2013.

The ministry says the industrial sector, which employs just over 90 million people, could contribute to 40 percent of the country's GDP this year. The government has also set the 2013 target for China's telecom industry, saying total telecom businesses will grow up 10 percent.

Other major targets also include maintaining industrial corporate profits and the export value of industrial products. The central government will also tackle the problem of overcapacity, especially in China's iron and steel industries.