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China’s urban fixed assets investment rises 32.1 percent in November

Friday, 11 December 2009 10:40:52 (GMT+3)   |  

In the January-November period this year, China's urban fixed assets investment rose 32.1 percent year on year to RMB 16.8634 trillion ($2.47 trillion), with this growth rate up 5.3 percentage points on the increase rate for the same period last year, but down 1.0 percentage point compared with the growth registered in the first ten months of 2009. Investment in real estate development during the period in question totaled RMB 3.1271 trillion ($457.95 billion), up 17.8 percent year on year.

In November, the industrial output of major industrial enterprises in China with annual sales of more than RMB 5 million saw a rise of 19.2 percent year on year, up 13.8 percentage points compared with the growth for the same period last year and 3.1 percentage points higher month on month. In the January-November period, China's industrial output was up 10.3 percent, 3.4 percentage points lower than the year-on-year increase rate for the first eleven months of 2008, but up 0.9 of a percentage point compared with the growth in the first ten months of 2009.

In November, China's retail sales totaled 1.1339 trillion ($166.05 billion), up 15.8 percent year on year. The growth rate in question was down 0.4 of a percentage point compared with that registered in the previous month, and was down 5.0 percentage points compared with the same month last year. In the first eleven months of this year, China's retail sales climbed 15.3 percent year on year to RMB 11.2733 trillion ($1.65 trillion), down 6.6 percentage points on the increase rate for the same period last year, but equivalent to the growth registered in the first ten months of 2009.

In November, China's overall consumer price index (CPI) climbed by 0.6 percent year on year, switching from negative to positive. In the January-November period, the CPI was up 0.3 percent year on year.

In November, China's producer price index (PPI) for industrial products decreased 2.1 percent from a year earlier, down 3.7 percentage points month on month. In the January-November period, China's PPI fell 6.0 percent year on year, down 0.4 of a percentage point compared with the decrease rate for the first ten months of this year.


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