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China's economic indicators beat expectations

(Chinadaily.com.cn)    10:42, December 16, 2019

Major economic indicators performed better than expected in November, showing that the Chinese economy made progress in stability despite challenges both at home and abroad, according to the National Bureau of Statistics on Monday. [Photo provided to chinadaily.com.cn]

Major economic indicators performed better than expected in November, showing that the Chinese economy made progress in stability despite challenges both at home and abroad, according to the National Bureau of Statistics on Monday.

The country's industrial output, an important economic indicator, increased by 6.2 percent year-on-year last month, compared with 4.7 percent for October, the NBS said.

Retail sales rose by 8.0 percent year-on-year in November, compared with 7.2 percent in the previous month, the bureau said.

Fixed-asset investment expanded by 5.2 percent in the first 11 months, unchanged from the January-October period.

The urban employment situation stayed stable last month, with the surveyed jobless rate in urban areas standing at 5.1 percent, the same as October. 

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Web editor: Liang Jun, Bianji)

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