China's October Major Economic Statistics Regaining Warning on the Spread of Infections in Europe and the United States November 16 15:02
China's major economic statistics were released last month, and the positive range of indicators showing consumption trends has expanded, and the trend of recovery continues due to the impact of the spread of the new coronavirus infection.
However, statistical authorities are becoming more cautious about the spread of the infection in Europe and the United States.
China's National Bureau of Statistics released key economic statistics last month on the 16th.
According to this, industrial production increased by 6.9% compared to the same month last year due to the increase in production of automobiles and industrial robots.
In addition, “retail sales,” which indicates consumption trends, increased by 4.3% compared to the same month last year, an increase of 1 point from the previous month.
Of these, the food service industry, which had been declining due to the spread of the new coronavirus infection, also turned positive for the first time, with a 0.8% increase.
In the Chinese economy, the growth rate of GDP = gross domestic product from July to September has increased by 4.9% compared to the same period last year, which is the second consecutive quarter of positive growth, and has continued to pick up since then. It is a shape.
Statistics officials said, "Growth may increase further in the fourth quarter from October to December. However, the spread of infection in Europe and the United States has cast a shadow over the global economy, and the Chinese economy is also recovering. There is a need to be careful, "he said, adding to the caution that the infection is spreading again in Europe and the United States.