December 16, 2024

China's economy continued to recover steadily in November thanks to the synergy created by existing supportive policies and the incremental roll-out of new stimulus, with manufacturing and service sectors witnessing accelerated growth, together with an improvement in public expectations, the National Bureau of Statistics (NBS) said on Monday. 

In November, the total value added of the industrial enterprises above the designated size grew by 5.4 percent year-on-year, 0.1 percentage points faster than a month earlier, or up by 0.46 percent month-on-month.

Last month, the Services Production Index grew by 6.1 percent year-on-year. Specifically, the index's information transmission, software and information technology services, leasing and business services and financial intermediation rose by 9.3 percent, 9.3 percent and 8.8 percent year-on-year, respectively, according to the NBS.

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