According to the National Bureau of Statistics released on December 15, China’s value-added industrial output grew 2.2 percent year-on-year in November.
Its value-added industrial output grew by 2.2 percent in November from a year earlier after a 5 percent rise in October. This economic data reflects activities in the manufacturing, mining and utilities sectors.
Meanwhile China’s fixed-asset investment increased by 5.3 percent in the January-November period year-on-year, compared with a 5.8 percent rise in the first ten months. This figures reflects the expenditures on items including infrastructure, property, machinery and equipment.
Whilst retail sales declined by 5.9 percent year-on-year in November, after the 0.5 percent decline in October. This figures measures consumption spending and indirectly reflects consumers’ sentiment.
The surveyed urban jobless rate came in at 5.7 percent in November, compared with 5.5 percent in the previous month.
The world’s second largest economy managed to maintain recovery trend in November, and has kept the overall economic operation within a reasonable range, despite facing pressures from a more complicated and grimmer environment and COVID-19 outbreaks.
