The Chinese mainland's economy is on a roll! November figures show a continued rebound since September, with impressive gains across various sectors.
Industrial production saw a year-on-year increase of 5.4%, driven by booming high-tech and equipment manufacturing. Notably, the production of new energy vehicles skyrocketed by 51.1%, industrial robots by 29.3%, and integrated circuits by 8.7%.
The services sector also flexed its muscles, with a 6.1% rise in the production index compared to last year. Real estate activities grew by 2.9%, while transportation, warehousing, and postal services saw a solid 6% increase.
Retail sales are buzzing too, with consumer goods up by 3% year-on-year, reaching a total of 44.27 trillion yuan ($6.07 trillion) from January to November—a 3.5% growth from the previous year.
Investment remains steady with a 3.3% year-on-year rise in fixed asset investment for the first 11 months, and high-tech industries leading the way with an 8.8% increase.
Good news for the job market as well! The urban surveyed unemployment rate dipped to 5.1% from 5.2% last year, indicating a stable and improving employment landscape.
All these numbers reflect a resilient and dynamic economy that's continuing to recover and grow stronger each month. Keep an eye on these trends as the year progresses!
Notably, the production of new energy vehicles skyrocketed by 51.1%, industrial robots by 29.3%, and integrated circuits by 8.7%.
Real estate activities grew by 2.9%, while transportation, warehousing, and postal services saw a solid 6% increase.
