China's industrial output slightly declines in November
by ChemOrbis Editorial Team - content@chemorbis.com
According to media reports, data released by China’s National Bureau of Statistics showed that the country’s industrial output growth slightly eased in November as the government took heavy measures on industries in an effort to curb air pollution.
The country’s industrial production slowed to 6.1% on a yearly basis in November from 6.2% in October, in line with the stable expectations.
Retail sales, on the other hand, were up by 10.2% from 10% in October, falling behind economists’ expectations of a growth of 10.3%
Data also shows that the country’s fixed asset investment grew at a slower pace of 7.2% in November from October’s growth rate of 7.3%.
The country’s industrial production slowed to 6.1% on a yearly basis in November from 6.2% in October, in line with the stable expectations.
Retail sales, on the other hand, were up by 10.2% from 10% in October, falling behind economists’ expectations of a growth of 10.3%
Data also shows that the country’s fixed asset investment grew at a slower pace of 7.2% in November from October’s growth rate of 7.3%.
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