China's major economic statistics for November were released, with consumption trend indicators positive for the fourth straight month, continuing to recover from the effects of the new coronavirus, but below pre-infection levels , Raising the bottom is an issue.
On the 15th, China's National Bureau of Statistics released major economic statistics for November.
According to this, industrial production increased by 7% compared to the same month last year due to the increase in production of automobiles and electronic devices.
In addition, “retail sales,” which indicates consumption trends, increased by 5% compared to the same month last year, surpassing the same month last year for four consecutive months.
However, despite the large-scale online shopping sale called "Single's Day" in November, the growth rate of "retail sales" was lower than the level before the spread of the infection, and the previous one. The restaurant industry, which became positive for the first time in a month, started to decrease again to minus 0.6%.
As the Chinese economy continues to pick up, raising the level of consumption has become an issue compared to industrial production, which recovered quickly.
"The economy as a whole is recovering steadily, but more efforts are needed to lay the foundation for economic stability and sustainable development," said the National Bureau of Statistics.