China's industrial output up 7 pct in November
Xinhua
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BEIJING, Dec. 15 (Xinhua) -- China's value-added industrial output, an important economic indicator, went up 7 percent year on year in November, data from the National Bureau of Statistics (NBS) showed Tuesday.

The growth accelerated from a rise of 6.9 percent registered in October, the NBS said.

On a month-on-month basis, industrial output rose 1.03 percent last month.

In the first 11 months, industrial output expanded 2.3 percent from one year earlier, 0.5 percentage points faster than the rise for the first 10 months, NBS data showed.

Photo: People's Daily

The value-added industrial output measures the activity of designated large enterprises with an annual business turnover of at least 20 million yuan (about 3 million U.S. dollars).

Tuesday's data also showed improvements in other readings of economic indicators. China's fixed-asset investment went up 2.6 percent year on year in the first 11 months of the year, 0.8 percentage points higher than the rise in the first 10 months.

Retail sales of consumer goods, a major indicator of consumption growth, went up 5 percent year on year to 3.95 trillion yuan in November.