China's National Bureau of Statistics has published the main national economic data for the month of November.
1) Consumer price index (CPI) continues to increase
In November, the CPI in China was up 5.1 percent year on year, rising by 4.9 percent in urban areas, and up 5.6 percent in rural areas. The food price index was up 11.7 percent year on year, while the non-food price index was up 1.9 percent year on year.
2) In November, the producer price index (PPI) in China increased by 6.1 percent year on year.
3) Industrial production grows smoothly
In November, aggregate industrial value-added output from all state-owned enterprises and non-state-owned enterprises with yearly sales revenues above RMB 5 million was up 13.3 percent year on year and up 0.2 percent over the October level; meanwhile, in January-November, the industrial value-added output of the abovementioned enterprises was up 15.8 percent year on year.
4) Fixed assets investment in urban areas increases steadily
In the January-November period, fixed assets investment in urban areas in China reached RMB 21,069.8 billion ($3,163.6 billion), up 24.9 percent year on year.
5) Total sales of consumer goods increase
In November, total sales of consumer goods in China amounted to a value of RMB 1,391.1 billion ($208.87 billion), up 18.7 percent year on year or up 0.1 percent compared to the October level. In January-November, total sales of consumer goods came to RMB 13,922.4 billion ($2,090.45 billion), up 18.4 year on year.