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Chinese industrial output surges ahead

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by Gill Montia
Chinese industrial output surges ahead

China saw industrial output surge 19.2% ahead in November, compared to a year earlier, increasing from a 16.1% annual rise in October.

In addition, domestic retail sales were up 15.8% year-on-year and while the country registered a 1.2% November fall in exports, the decline was the slowest so far this year.

Last month’s figures from the China’s National Bureau of Statistics were generally above analysts’ expectations and left the Chinese economy in its strongest position since June 2007.

According to reports, the Chinese government is proposing to maintain its current fiscal stimulus, which should further boost domestic demand.

However, property price inflation has already raised concerns and measures to curb speculation are in hand.

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News posted: December 11, 2009

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