|
|
|
|
|
5th Muharram 1436 | Thursday, Oct 30, 2014
Business

China’s industrial output and retail sales rise

Monday, 10 December 2012
Comments(0)
London, December 10:

China’s economic growth rate is again gaining momentum, as the government released strong industrial output and retail sales figures.

According to the official data from the National Bureau of Statistics Industrial, production rose by 10.1 percent in November, compared with a year earlier.

This was better than expected, and the strongest performance since March, the BBC reports.

At the same time, China’s retail sales increased by 14.9%. This was also the best showing for eight months, the report said.

The official economic data are the first to be released since the Communist Party appointed its new leaders last month.

According to the report, the figures will be good news for them, and also for the world economy, as China’s factory output is indicative of global demand for the country’s consumer products.

Until the end of September, China had seen seven consecutive quarters of a slowing economic growth rate, due to both falling exports and weak domestic demand, the report said.

The data for the current three months from October to December will be released in the New Year, the report added. (ANI)

Latest News

ATM cut open, Rs. 14.50 lakh looted in Agra

ATM cut open, Rs. 14.50 lakh looted in Agra (19:52) Agra, Oct 30 (IANS) Unidentified robbers looted an ATM of the Punjab National Bank, ...

Jadavpur unrest: 70 percent Arts students vote in referendum

A large number of Jadavpur University students Thursday took part in the first phase of a referendu ...

IS executes 75 tribesmen in western Iraq

The Islamic State (IS) terrorist group executed 75 tribesmen in western Iraq Thursday, a day after i ...

Related News

Premji calls on Modi

Wipro's founder chairman Azim Premji Thursday met Prime Minister Narendra Modi, an official statement said here. "Cha ...

Over 80 issues facing industry solved by UP government

Over 80 issues confronting the industry, entrepreneurs and investors were resolved Thursday at the s ...

Gold futures down at Rs 26,876 per 10 gm

Gold prices moved down by 0.75 per cent to Rs 26,876 per 10 grams at the futures trade today as spec ...

Post new comment

To combat spam, please enter the code in the image.

Rs. 26810 (Per 10g)

Opinion Poll
Do you think formation of 'She' teams would be beneficial for women's safety?
YesNoCan't say

Matrimony | Photos | Videos | Search | Polls | Archives | Advertise | Letters

© The Siasat Daily, 2012. All rights reserved.
Jawaharlal Nehru Road, Abids, Hyderabad - 500001, AP, India
Tel: +91-40-24744180, Fax: +91-40-24603188
contact@siasat.com