China's industrial growth may slow due to increasingly difficult conditions, chinanews.com reported, citing a report released Tuesday.

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The report, co-drafted by the Ministry of Industry and Information Technology (MIIT), pointed out four major challenges that may slow industrial development: rising costs, power shortage, financing difficulties for small and medium-sized enterprises and increasing inventories.

For the first four months of this year industrial value-added output increased 14.2 percent, down 4.9 percentage points compared with the growth of the same period last year.

This year enterprises have tightened capital, plus the recent inflation, especially the rising price of raw materials, it is very difficult for enterprises to gain profits, according to the report.