China's economy continues to stabilise
Retail sales, exports are bright spots in Nov; industrial output growth drops a little
CHINA's economy continued to stabilise last month, with the latest figures having come in as policy leaders started gathering behind closed doors to discuss economic policies and set targets for next year.
Industrial output growth fell slightly and retail sales and exports grew more than expected in November. Though growth shows signs of easing, this is in no way bad news for China, which needs to redefine its model and focus on achieving slower, more sustainable growth.
Investments were also on the low side last month. The statistical bureau said fixed-asset investment, a measure of government spending on infrastructure, grew 19.9 per cent year- on-year in the first 11 months of this year, compared to an increase of 20.1 per cent for the first 10 months.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
New Articles
Shell to sell Singapore oil refinery, chemicals assets to Glencore joint venture
Aims Apac Reit posts 10.2% lower H2 DPU on enlarged unit base
Singapore top recipient of Q1 cross-border investments in Apac: Knight Frank
Dasin Retail Trust’s trustee-manager chairman, directors deny allegations of misconduct
Keppel Infrastructure Trust posts 29.1% lower Q1 distributable income
Bitcoin faces worst month since FTX crash with ETF demand cooling