China's industrial output growth picks up in October -- China's value-added industrial output, an important economic indicator, expanded 5.9 percent year on year last month, up 0.1 percentage point from that recorded in September, according to the National Bureau of Statistics (NBS). On a monthly basis, output in October grew 0.48 percent from September, the NBS figures showed.
China's retail sales up 8.6 pct in October -- China's retail sales of consumer goods grew 8.6 percent year on year to 3.55 trillion yuan (511 billion U.S. dollars) in October, data showed on November 14. The growth slowed in comparison with the 9.2-percent rise in September, according to the National Bureau of Statistics (NBS).
China's fixed-asset investment up 5.7 pct in first 10 months -- China's fixed-asset investment (FAI) rose 5.7 percent in the first 10 months of the year, accelerating from 5.4 percent for Jan.-Sept. period, data showed on November 14.This marked a growth rebound for the second consecutive month. On a monthly basis, FAI edged up 0.44 percent from September, according to data from the National Bureau of Statistics (NBS).
China's fiscal revenue down 3.1 pct in October -- China's fiscal revenue growth entered negative territory for the first time this year with a 3.1-percent year-on-year decline in October, official data showed on November 13. The country's fiscal revenue stood at 1.57 trillion yuan (about 226 billion U.S. dollars) last month, according to the Ministry of Finance (MOF).
China's new yuan loans decline in October -- China's new yuan-denominated loans stood at 697 billion yuan (about 100 billion U.S. dollars) in October, down from 1.38 trillion yuan in September, central bank data showed November 13. The M2, a broad measure of money supply that covers cash in circulation and all deposits, rose 8 percent year on year to 179.56 trillion yuan at the end of last month, the People's Bank of China said in a statement on its website. The growth of M2 was lower than market forecast and flat with the record low registered in June.
Chinese financial institutions report net FDI inflows in Q3 -- China's financial institutions, including banks, insurers and securities firms, saw net investment inflows from overseas investors in the third quarter, according to the country's foreign exchange regulator. Foreign direct investment (FDI) in China's financial institutions came in at 2.9 billion U.S. dollars during the period, while 2.64 billion U.S. dollars of investment flowed out, resulting in a 258 million U.S. dollar net inflow, according to the State Administration of Foreign Exchange (SAFE).
China's digital economy reaches 27.2 trillion yuan: report -- China's digital economy reached 27.2 trillion yuan (nearly four trillion U.S. dollars) in 2017, accounting for 55 percent of the country's total GDP growth, according to a report released at the ongoing fifth World Internet Conference in eastern China's Zhejiang Province on November 13.The report indicates that information technology is playing an increasingly bigger role in human life, prompting innovation and rapid development.
China's NEV sector remains in high gear -- China's new energy vehicles (NEVs) continued to see rapid growth in production and sales in the first ten months of this year, industry data showed. NEV sales jumped 75.6 percent year on year to 860,000 units in the January-October period, while production went up 70 percent to 879,000 units, according to the China Association of Automobile Manufacturers.
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