China's November industrial output up 10.1% on-year






BEIJING - Production at China's factories, workshops and mines rose 10.1 percent in November compared with the same month last year, data showed Sunday, a further sign of strength in the world's second largest economy.

The result, reported by the National Bureau of Statistics, was better than October's gain of 9.6 percent.

The economy grew 7.4 percent in the three months through the end of September, its weakest performance in more than three years and the seventh straight quarter of slowing expansion.

But improvements in some recent indicators such as manufacturing and trade have led to optimism that the worst of the slowdown may be over.

Also Sunday the statistics bureau said retail sales, China's main gauge of consumer spending, rose 14.9 percent year-on-year in November.

And fixed-asset investment increased 20.7 percent in the first 11 months compared with the same period last year, the bureau said.

Fixed-asset investment is a key measure of government spending on infrastructure.

China Sunday also announced its annual inflation rate increased to 2.0 percent in November from 1.7 percent in September.

- AFP/ir



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China's November industrial output up 10.1% on-year