China Factory Output, Retail Sales Gain as Demand Stabilizes
From bloomberg.com
China’s industrial production showed unexpected strength in November and retail sales rose the most of this year, offering reassurance that the world’s second-largest economy is showing signs of stabilization. Industrial output rose 6.2 percent in November from a year earlier, the National Statistics Bureau said Saturday, compared with the 5.7 percent median estimate of economists surveyed by Bloomberg and October’s 5.6 percent. Fixed-asset investment increased 10.2 percent in the first 11 months, while retail sales gained 11.2 percent in November. Chinese officials seek to maintain medium to high-speed growth while ...
(full story)