China’s economic indicators show growth
According to the National Bureau of Statistics (NBS), China’s economic indicators continued to show positive dynamics in October
China’s economic indicators continued to show improvement in October, according to the National Bureau of Statistics (NBS). Value-added industrial output rose 4.6 per cent year-on-year, exceeding September’s 4.5 per cent growth. This is reported by
China Daily, a partner of the TV BRICS network.
Retail sales, an important indicator of consumer spending, rose 7.6 per cent in October, up from 5.5 per cent in September.
Fixed asset investment, which includes spending on infrastructure, real estate, machinery and equipment, rose 2.9 per cent year-on-year from January to October and 3.1 per cent from January to September.
Despite signs of stabilisation, NBS notes that the economy still faces volatile and uncertain factors in the external environment and domestic demand remains insufficient.
Experts forecast that the country will continue its macroeconomic policies aimed at strengthening the foundations of economic recovery, with a focus on expanding domestic demand and countering risks.