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China’s Nov factory output climbs, economy signals stabilization

by ChemOrbis Editorial Team -
  • 15/12/2015 (09:58)
According to data from China’s National Bureau of Statistics, the country’s industrial production climbed 6.2% on the year in November after increasing 5.6% in October. The November figure also topped economists’ estimates calling for an increase of 5.7% in a survey conducted by the Wall Street Journal.

China’s retail sales also climbed 11.2% year over year in November following an increase of 11% in the previous month while fixed-asset investment rose 10.2% in the first nine months of this year from a year earlier.

The stronger than expected expansion both in industrial output and retail sales in November was construed as a signal of stabilization in the Chinese economy.
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