China´s November industrial output rises 10.1% (12/10/2012)

Updated: 2012/12/10 10:26:00

China´s industrial production growth continued to accelerate in November, indicating that the nation´s economy is rebounding after seeing its lowest expansion pace in more than three years.

China´s value-added industrial output rose 10.1 percent year on year in November, picking up from 9.6 percent in October and 9.2 percent in September, the National Bureau of Statistics (NBS) announced Sunday.

Value-added industrial output expanded 10 percent from one year earlier during the January-November period, the NBS said. The pace of increase stood unchanged from that of the first ten months.

The industrial production data supported earlier indications that China´s economy is picking up steam, thanks to the government´s pro-growth measures and policy loosening.

The NBS said Sunday morning that the producer price index dropped 2.2 percent in November from one year ago, narrowing from October´s 2.8 percent decline.

To buoy the slowing economy, the government has rolled out an array of measures this year, including two cuts to benchmark interest rates, the easing of banks´ reserve requirements and the approval of infrastructure projects worth more than 1 trillion yuan.

China´s economy expanded by 7.4 percent in the third quarter of the year, marking the slowest quarterly growth in more than three years.

Source: Xinhua

Authority in Charge: China National Textile and Apparel Council (CNTAC)

Sponsor :China Textile Information Center (CTIC)

ISSN 1003-3025 CN11-1714/TS