Medical and Hospital News  
TRADE WARS
China says output, retail sales accelerate in November
by Staff Writers
Beijing (AFP) Dec 13, 2016


China's industrial output and retail sales growth both accelerated in November, government data showed Tuesday, in a sign of stabilisation for the world's second-largest economy.

Industrial output rose 6.2 percent in the month, ahead of both October's figures and economists' predictions of 6.1 percent in a Bloomberg News survey.

Retail sales rose 10.8 percent on-year in nominal terms, up from 10.0 percent in October, while fixed-asset investment, a gauge of infrastructure spending, rose 8.3 percent in the first 11 months of the year, the National Bureau of Statistics (NBS) said.

China is a key driver of the world economy but its expansion has slowed significantly from the double-digit years of the past.

Now Beijing is seeking to make a difficult transition away from its dependence on exports and heavy industry towards consumption as the engine of the economy.

After a bumpy start to the year, it has shown resilience in the last quarter, aided by ample credit policies and the weakening of the yuan currency, making Chinese goods cheaper to buy for overseas customers.

Total retail sales reached 3.1 trillion yuan ($450 billion) in the month, boosted by the annual "Singles Day" online sales promotions for November 11.

Sales of household electrical appliances, office goods, communication devices and automobiles were particularly strong.

Utilities and auto sales came in stronger than expected in the month, as growth shifted towards industry and away from construction and services last month, IHS Global Insight analysts said in a note.

- Trump uncertainty -

Together the data show that China's recovery "remains intact heading into 2017", Julian Evans-Pritchard of Capital Economics said in a note.

But as credit growth has cooled and the red-hot property sector faces a correction, the economy is likely to begin slowing again next year, he added.

The recovery has been driven by state-owned enterprises, suggesting that the government and SOEs are taking up a larger share of the economy, Zhao Yang of Nomura said.

Recent curbs on buying real estate led to a slight slowdown in property investment and sales that will continue to kick in, "adding downward pressures" in coming months, he noted.

And the outlook for China's performance is clouded by uncertainty over the coming US presidency of Donald Trump, who has promised to declare China a currency manipulator and threatened to slap 45 percent punitive tariffs on imports from the country to protect American jobs.

In an interview broadcast Sunday, Trump doubled down on tough rhetoric towards Beijing, saying he did not see why the US must "be bound by a one China policy unless we make a deal with China having to do with other things, including trade".

In a statement, NBS analyst Mao Shengyong described economic development as "steady and sound" in November, citing factors including supply-side structural reform, stimulus policies and improved factory efficiency.

But he added: "We should be aware that domestic and external conditions are still complicated with a number of unstable and uncertain factors."

Investors welcomed the stronger-than-expected results, with Chinese stocks ending slightly higher Tuesday.

The benchmark Shanghai Composite Index closed up 0.07 percent to 3,155.04.


Comment on this article using your Disqus, Facebook, Google or Twitter login.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
Global Trade News






Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
TRADE WARS
China statistics chief says false economic data is a problem
Beijing (AFP) Dec 8, 2016
China's top statistician has accused local officials of "falsifying" economic figures and warned offenders would be severely punished, reflecting growing concern about the reliability of government data. "Currently, there have been occasional cases of local sectors falsifying statistics and practising fraud, which violate statistical laws and regulations," Ning Jizhe, director of the Natio ... read more


TRADE WARS
Syrian crisis altered region's land and water resources

MH370 relatives in Madagascar to hunt for clues

For Mosul displaced, the added pain of divided families

Refugees rehoused in Greece as temperatures drop

TRADE WARS
OGC requests public comment on its Coverage Implementation Schema

Lockheed Martin Advances Modernization of Current GPS Ground Control System for USAF

High-Precision System for Real-Time Navigation Data of GLONASS Ready for Service

Launch of new Galileo navigation quartet

TRADE WARS
Secrets of the paleo diet

Human ancestor 'Lucy' was a tree climber, new evidence suggests

The role of physical environment in the 'broken windows' theory

Scientist uses 'dinosaur crater' rocks, prehistoric teeth to track ancient humans

TRADE WARS
Fast evolution affects everyone, everywhere

Giraffes 'threatened with extinction'

Using the force

Canada caribou and monarch butterfly "endangered": experts

TRADE WARS
Paris rat catchers deployed to tackle rodent scourge

Overwhelming evidence of malaria's existence 2,000 years ago

Archaeologists find 14th century Black Death 'plague pit' in England

UN chief Ban apologizes to Haitian people over cholera epidemic

TRADE WARS
Anti-China protesters rally in Hong Kong as vote looms

UN experts urge China to investigate case of missing rights lawyer

Torture rampant in China's 'shuanggui' system: HRW

Nude selfies used as collateral for Chinese loans

TRADE WARS
African leaders tackle piracy, illegal fishing at Lome summit

US to deport ex-navy chief drug trafficker to Guinea-Bissau

Gunmen ambush Mexican military convoy, kill 5 soldiers

Mexican army to probe killings of six in their home

TRADE WARS
Property and credit booms stablise China growth

China data and US banks propel equities higher

No debt-for-equity cure for zombie firms, says China

China's ranks of super-rich rise despite economic slowdown









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.