Official data indicates China's economy sustained its rebound in November
In November, China’s economy continued its upward trend that started in September, showing significant growth in industrial production, services, and retail, based on data published by the National Bureau of Statistics (NBS) on Monday.
TroibNews 
China's economy has continued its upward trend since September, with significant improvements observed in industrial production, services, and retail sectors, as reported by the National Bureau of Statistics (NBS) on Monday.
In November, China's value-added industrial output, an essential economic measure, increased sharply by 5.4 percent year-on-year, particularly in high-tech and equipment manufacturing, according to NBS data.
Noteworthy gains in specific products included a 51.1 percent increase in new energy vehicle production, a 29.3 percent rise in industrial robot output, and an 8.7 percent climb in integrated circuit production.
In addition, the services sector demonstrated robust growth, with the production index for services rising by 6.1 percent compared to the same time last year. Within this sector, real estate witnessed a 2.9 percent upturn in its production indices, while transportation, warehousing, and postal services enjoyed a 6 percent increase. These numbers indicate a quicker growth rate than observed in the previous month, highlighting a continued recovery.
Among various services industries, telecommunications, internet software and IT services, as well as financial services, capital markets, and insurance showed business activity indices exceeding 55.0 percent, suggesting stronger economic activity.
Retail sales also reflected positive trends in November, with a 3 percent year-on-year rise in total retail sales of consumer goods. From January to November, total retail sales amounted to 44.27 trillion yuan, marking a 3.5 percent increase from the previous year.
Fixed asset investment remained consistent, with a 3.3 percent year-on-year increase over the first 11 months of the year. Investments in high-tech industries outpaced others, growing by 8.8 percent, particularly driven by advancements in high-tech manufacturing and services, which increased by 8.2 percent and 10.2 percent, respectively.
The job market in China displayed stability, as the urban surveyed unemployment rate averaged 5.1 percent from January to November. This figure represents a slight improvement from 5.2 percent during the same period last year.
Anna Muller for TROIB News
In November, China's value-added industrial output, an essential economic measure, increased sharply by 5.4 percent year-on-year, particularly in high-tech and equipment manufacturing, according to NBS data.
Noteworthy gains in specific products included a 51.1 percent increase in new energy vehicle production, a 29.3 percent rise in industrial robot output, and an 8.7 percent climb in integrated circuit production.
In addition, the services sector demonstrated robust growth, with the production index for services rising by 6.1 percent compared to the same time last year. Within this sector, real estate witnessed a 2.9 percent upturn in its production indices, while transportation, warehousing, and postal services enjoyed a 6 percent increase. These numbers indicate a quicker growth rate than observed in the previous month, highlighting a continued recovery.
Among various services industries, telecommunications, internet software and IT services, as well as financial services, capital markets, and insurance showed business activity indices exceeding 55.0 percent, suggesting stronger economic activity.
Retail sales also reflected positive trends in November, with a 3 percent year-on-year rise in total retail sales of consumer goods. From January to November, total retail sales amounted to 44.27 trillion yuan, marking a 3.5 percent increase from the previous year.
Fixed asset investment remained consistent, with a 3.3 percent year-on-year increase over the first 11 months of the year. Investments in high-tech industries outpaced others, growing by 8.8 percent, particularly driven by advancements in high-tech manufacturing and services, which increased by 8.2 percent and 10.2 percent, respectively.
The job market in China displayed stability, as the urban surveyed unemployment rate averaged 5.1 percent from January to November. This figure represents a slight improvement from 5.2 percent during the same period last year.
Anna Muller for TROIB News
