China's Nov CPI up 4.2%, PPI up 2.7%
Updated: 2011-12-09 09:41
(Xinhua)
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China's industrial output up 12.4% in Nov
The figure was 0.8 percentage points lower than the October level, the NBS said in an online statement. On a monthly basis, the industrial value-added output increased by 0.91 percent.
In the first 11 months of 2011, the industrial value-added output increased 14 percent year-on-year, down 0.1 percentage points from the first 10 months.
In November, the industrial value-added output of state-owned and state-held companies rose 7.8 percent year-on-year, while that of collectively-owned and joint-stock enterprises expanded by 6.8 percent and 14.4 percent, respectively.
All 39 of the country's industrial sectors posted gains in November, with textiles up 10.1 percent; chemical materials and products up 14.5 percent; general equipment manufacturing up 14.2 percent; and, transportation equipment manufacturing up 11.4 percent.
The industrial value-added output measures the final output value of industrial production, or the value of gross industrial output minus intermediate input, such as raw materials and labor costs.
Zhang Liqun, a researcher with the Development Research Center of the State Council, or China's Cabinet, said the slowdown in growth is "inevitable," as the market is "weak and uncertain."
In general, China's industrial activities are retreating at a steady pace, he said.
China's retail sales up 17% in first 11 months
BEIJING - China's retail sales grew 17 percent year-on-year to reach 16.35 trillion yuan ($2.58 trillion) during the first 11 months of the year, the National Bureau of Statistics said Friday.
After deducting inflation, actual growth stood at 11.4 percent, the NBS said in a statement on its website.
In November, the country's retail sales increased 17.3 percent from one year earlier to hit 1.61 trillion yuan. After adjusting for inflation, November's actual growth rate was 12.8 percent.
On a monthly basis, retail sales rose 1.27 percent last month, according to the statement.
Urban retail sales increased 17.3 percent year-on-year to 1.4 trillion yuan last month, while rural retail sales climbed 17.2 percent to hit 216 billion yuan.
In November, the nation's catering sector generated sales of 186.5 billion yuan, a rise of 17.7 percent from a year earlier, while commodity retail sales increased 17.2 percent to 1.43 trillion yuan.
Auto sales rose 11.4 percent to hit 189.7 billion yuan during the same period. The growth rate was 1.2 percentage points lower than that in October, the NBS said.
Sales of home appliances and audiovisual equipment climbed 25 percent to 44 billion yuan last month, while sales of furniture rose 34.4 percent to 12.1 billion yuan, according to the statement.
China's fixed asset investment up 24.5% in first 11 months
The growth rate was down 0.4 percentage points compared to that in the first ten months, the figures showed.
Urban fixed asset investment last month registered a slower pace compared to some other months of the year. It was down 0.19 percent from October.
During the first 11 months, investment in the primary industry amounted to 625.6 billion yuan, up 28.8 percent; that in the secondary industry totaled 11.8054 trillion yuan, up 27 percent; investment in the tertiary industry rose 22.4 percent to hit 14.5142 trillion yuan.
Investment in the nation's western regions grew fastest by 29.2 percent, followed by 28.9 percent in the central regions, and 21.7 percent in the eastern regions.
Investment in the nation's property sector rose 29.9 percent year-on-year to reach 5.55 trillion yuan in the January-November period, of which 3.99 trillion yuan went into residential housing, an increase of 32.8 percent from the same period last year.
The investment growth rate in the property sector in the period was down 1.2 percentage points compared to that in the first 10 months, a slowdown in line with the current falling housing prices and sales.
- 'Prudent' path for economic policies
- Climate negotiations down to the wire
- Sino-US poultry dispute is making feathers fly
- Passenger car sales slow in Nov
- China gives tax break to micro-sized business
- Food giants begin to restructure
- CPI hits 14-month low
- China's property market predicts soft landing
