Chinese economy maintains recovery momentum in November

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According to data from the National Bureau of Statistics of China (NBS), the Chinese economy has maintained its recovery momentum in November, with key indicators remaining within reasonable limits. (YoY), value-added industrial output increased by 3.8% year-on-year.

Data show that fixed asset investment increased 5.2% year-on-year in the first 11 months of the year as investment in the high-tech industry is accelerating.

The city’s unemployment rate in November, according to the country’s survey, was 5%, 0.2 percentage points lower than the same period last year.

According to data from the National Bureau of Statistics of China (NBS), the Chinese economy has maintained its recovery momentum in November, with key indicators remaining within reasonable limits. (YoY), value-added industrial output increased by 3.8% year-on-year.

“Development resilience is continually strengthened and economic operations are generally stable,” NBS said in a statement.

“Despite multiple pressures, the fundamentals of China’s long-term economic development have not changed,” NBS spokesman Fu Linghui said at a news conference.

While the value-added production of major manufacturing companies has accelerated growth, the high-tech industry has achieved rapid growth, official news agencies reported.

Expectations from companies will generally remain stable as macro-policy adjustments intensify, policies to ensure supply and price stability are implemented, and measures to expand domestic demand gain momentum, Fu said.

In the future, China’s domestic demand still has great growth potential, but the unbalanced development of urban and rural areas leaves room for further investment, both of which will support future growth in China. He said it would be.

Fiber2Fashion News Desk (DS)

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Chinese economy maintains recovery momentum in November

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