China production and retail rise
2009-11-11 @ 18:19:06
The latest economic data from China suggests that industrial production grew year on year at a level faster than expected.
Retail sales also rose by more than analysts had predicted, while consumer prices continued to fall.
China's National Bureau of Statistics says the country's latest economic data shows it is well on track to meet its target of 8% growth this year.
The government's huge economic stimulus package is likely to have helped a lot.
The data indicates that activity in factories and workshops increased by 16.1% in October compared to a year ago.
Retail sales also rose by more than analysts had predicted, while consumer prices continued to fall.
China's National Bureau of Statistics says the country's latest economic data shows it is well on track to meet its target of 8% growth this year.
The government's huge economic stimulus package is likely to have helped a lot.
The data indicates that activity in factories and workshops increased by 16.1% in October compared to a year ago.