China's Nov. factory output, consumption grow steadily as economy recovers
2020-12-16 09:31:47 source：CGTN
December 15, 2020
China's industrial production and retail sales kept their steady growth in November as the country's economic recovery strengthened due to strong global demand.
Industrial output climbed 7 percent in November year on year, marking the eighth straight month of expansion, data from the National Statistics Bureau showed on Tuesday. It was in line with Reuters' forecast and higher than the 6.9 percent growth in October.
Profits for China's major industrial enterprises, those with an annual business turnover of at least 20 million yuan ($3.05 million) from their primary operations, edged up 0.7 percent in the first 10 months of 2020 to settle at 5.01 trillion yuan from the same period last year, earlier data showed. The cumulative industrial profit growth also sailed into positive territory for the first time in the year.
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