MAPI revised its prediction for China's 2012 manufacturing sales revenue growth downward to 16 percent (from the previous 20 percent estimate) as a result of the deterioration of the global economic outlook and the slowdown in domestic investment, especially in the housing market. Meanwhile, manufacturing production will gain some strength from the relatively robust private consumption growth and the development of the seven strategic emerging industries targeted in the 12th five-year plan. This outlook provides an overview of China's macroeconomic activities in 2012 and analyzes in detail the performance of 12 major industries. Manufacturing sales revenue growth is forecast to expand 19 percent in 2013.