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November industrial output, retail sales see increase


12-14-2016 03:45 BJT

The bureau describes China's development as "steady and sound", but let's take a look at the numbers for ourselves.

The country's industrial output rose over 6 percent in November, inching slightly higher than October's figures. 

In terms of real estate, residential property investment rose 6 percent, accounting for 67 percent of investment in the sector.

Commercial investment on the other hand saw a 6.5 percent rise in the first 11 months. Housing sales maintained steady growth, but property sales saw a 24 percent jump for the first 11 months. 

On the consumer front, total retail sales reached 3.1 trillion yuan in November -- that's boosted by online sales promotions for the annual "Singles Day" on November 11.

The Consumer Price Index also grew, following increasing food and gas prices.

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