Chinese economy maintained a steady recovery in November and gathered momentum in the growth of key sectors.

File photo: CGTN

Chinese economy maintained a steady recovery in November and gathered momentum in the growth of key sectors, including employment, financial operations, foreign trade and industries, data from the National Statistics Bureau(NSB) showed on Tuesday.

Among its data report, two figures about the consumption and industrial output trends are notable, indicating the resilience of China's economy and the breadth of its market recovery after the pandemic wrought havoc across the world.

First, China's online retail sales swelled rapidly, posting a year-on-year growth of 11.5 percent in the first 11 months. Virtual Singles' Day partly accounts for the surge, as the country's domestic consumption bounced back and the virtual economy progressed, said the NBS spokesman Fu Linghui.

Apart from helping economic development recover, China's online economy also created a huge number of jobs, which was important, especially during the anti-pandemic fight.

Second, the profits of China's major industrial enterprises edged up 0.7 percent year-on-year in the first 10 months, featuring the first positive growth of the year. "It signals a steady recuperation in Chinese industrial enterprises that operate more smoothly and reap increasing turnover, thanks to the deft handling of the COVID-19 crisis by the Chinese government, said Fu.

The positive growth means that the service and manufacturing sectors are increasingly playing a role in propping up the economy and unleashing the potential of the Chinese market, Fu said.