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China's economic indicators beat expectations
December 16, 2019
BEIJING, Dec. 16 ( inp):Major economic indicators performed better than expected in November, showing that the Chinese economy made progress in stability despite challenges both at home and abroad, reports China Economic Net, quoting National Bureau of Statistics (NBS) on Monday.
The country's industrial output, an important economic indicator, increased by 6.2 percent year-on-year last month, compared with 4.7 percent for October.
Retail sales rose by 8.0 percent year-on-year in November, compared with 7.2 percent in the previous month.
Fixed-asset investment expanded by 5.2 percent in the first 11 months, unchanged from the January-October period.
The urban employment situation stayed stable last month, with the surveyed jobless rate in urban areas standing at 5.1 percent, the same as October.
INP/javed
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