Improving global demand has boosted China’s exports and industrial output, accelerating economic recovery in the world’s most populated country.
China's exports were down by 1.2 per cent in November as compared with the same month of 2008. It was the smallest fall in exports in about last twelve months.
Commenting on the topic, National Statistics Bureau said, “The decline in exports narrowed greatly in November because external demand is improving.”
Figures also showed that investments in factories plus construction gained 32.1 per cent to 16.86 trillion Yuan ($2.47 trillion) during the 11-month period through November.
Retail sales jumped 15.8 per cent year-on-year in November to settle at 1.13 trillion Yuan ($166 billion).
Country’s rate of growth jumped from 6.1 per cent in the 1Q to 8.9 per cent in the 3Q of this year.
China had launched a stimulus package of 4 trillion Yuan (equivalent to $586 billion) last year to support economy amid global downturn.
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