|
|
|
|
|
1st Shawwal 1435 | Wednesday, Jul 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

UPSC protestors torch buses, police booth ...

Civil service aspirants Wednesday night clashed with police and burnt down two buses and a police booth during their continued protest here ...

Telangana industrial policy will be world’s best: KCR

Hyderabad, July 30 (INN): Chief Minister K Chandrashekar Rao told a group of delegation led by Pi ...

Ensure safe return of Telugus from Libya: Palle to Sushma

Andhra Pradesh NRI Affairs Minister Dr Palle Raghunatha Reddy on Wednesday requested the Centre to e ...

Related News

Nokia Networks bags 12 key deals in H1 2014

Data networking and telecommunications equipment company Nokia Networks India won 12 key deals with ...

Infosys investors give nod to Sikka as new CEO

Investors of Infosys Ltd. Wednesday approved a special resolution appointing Vishal Sikka as new chi ...

Saudi Arabia bans import of pepper from India

Saudi authorities have decided to impose temporary ban on import of pepper from India with effect from May 30, Parliament was informed today ...

Post new comment

CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Copy the characters (respecting upper/lower case) from the image.

Rs. 27910 (Per 10g)

Opinion Poll
Do you think World Powers are powerless in preventing Israel's offences against Palestine?
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