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China witnessed steady growth in industrial production and investment in November, while consumption was still weak amid pressures from COVID-19 outbreaks, according to the National Bureau of Statistics. |
China's value-added industrial output - a gage of activity in the manufacturing, mining and utilities sectors - grew by 2.2 percent in November from a year earlier after a 5 percent rise in October, figures released by the NBS showed on Thursday. |
Fixed-asset investment, a gage of expenditures on items including infrastructure, property, machinery and equipment, increased by 5.3 percent in the January-November period year-on-year, compared with a 5.8 percent rise in the first ten months. |
Retail sales, a key measurement of consumer spending, dropped by 5.9 percent year-on-year in November, after the 0.5 percent decline in October. |
The surveyed urban jobless rate came in at 5.7 percent in November, compared with 5.5 percent in the previous month, according to the NBS. |
Despite facing pressures from a more complicated and grimmer environment and COVID-19 outbreaks, China's economy has maintained the recovery trend in November, and the country has kept the overall economic operation within a reasonable range, the NBS said. |
Looking ahead, the NBS said the country will intensify its efforts to better coordinate COVID containment and socio-economic development and steadily implement policy measures on stabilizing the economy, with a key focus on stabilizing growth, employment and prices as well as spurring market vitality. |
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