China's freight volume continues to grow in October

12:02, November 21, 2020

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  China's retail sales grow 4.3% year-on-year in October: National Bureau of Statistics

  A consumer buys drinks at a supermarket in Haizhou District of Lianyungang, East Chinas Jiangsu province, on Aug 10, 2020. (Photo: Xinhua)Chinas economy continued to recover steadily in Oct, with market demand rebounding and employment situation improving, the National Bureau of Statistics said on Monday.Retail sales grew by 4.3 percent in Oct on a yearly basis, up from 3.3 percent in the previous month, the NBS said.Industrial output rose by 6.9 percent year-on-year last month, the same as Sept.Fixed-asset investment in the first 10 months rose by 1.8 percent, up from 0.8 percent in the Jan-Sept period.The urban surveyed jobless rate dropped to 5.3 percent in Oct from 5.4 percent in Sept.Despite the improvements, the NBS said "multiple challenges" remained for the Chinese economy, citing the sluggish world economic and trade recovery amid the global spread of the COVID-19.

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  China's FDI inflow up in October

  File Photo: Agencies.BEIJING, Nov. 16 (Xinhua) -- Foreign direct investment (FDI) into the Chinese mainland, in actual use, expanded 18.3 percent year on year to 81.87 billion yuan (11.83 billion U.S. dollars) in October, the Ministry of Commerce said Monday.This marked the seventh consecutive month for the country to witness positive growth in FDI. In the first 10 months, FDI went up 6.4 percent year on year, the data showed.

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  China's passenger car sales continue to rise

  15 -- China's passenger car sales continued to expand in October, as the better-than-expected economic recovery and export market has stabilized consumer confidence.Retail sales of China's passenger vehicles, including sedans, sport-utility vehicles, minivans and multipurpose vehicles, rose 8 perce