TRENDING China’s economy maintains steady recovery in November


China’s economy maintains steady recovery in November

People's Daily app

18:51, December 15, 2020

China’s National Bureau of Statistics released the latest economic indicators on Tuesday.

In November, China’s value-added industrial output rose 7 percent year-on-year, 0.1 percentage points faster than October.

The index of services production increased by 8 percent year-on-year.

According to previous data released, China’s GDP in the third quarter expanded 4.9 percent year-on-year.

"With the right mix of supportive macroeconomic policies focused on strengthening social safety nets and further key reforms, China will secure the recovery and ensure balanced and high-quality growth, which will benefit China and the world," International Monetary Fund (IMF) chief Kristalina Georgieva said in November in a statement at the conclusion of the fifth "1+6" Roundtable convened by the Chinese authorities.

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(Produced by Xu Zheqi, Cheng Weidan and Yang Yang)

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