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China's industrial production rose 7% in November

Asia / Business and Finance

Chinese industry accelerated its growth from 1% in October to 7% in November (both compared to last year).

China's industrial production rose 7% in November

China's industrial production, an important economic indicator, rose 7% year-on-year in November 2020. This is evidenced by the data published on Tuesday by the State Statistical Bureau of the PRC.

In October, China's industrial production showed an increase of 6.9% year-on-year, according to the Central Statistical Office. On a monthly basis, it increased 1.03% last month.

In the first 11 months of this year, the country's industrial production grew by 2.3% on an annualized basis, which is 0.5 percentage points higher than in the period from January to October.

Manufacturing, or industrial value added, is used to measure the activity of large enterprises, each with annual revenues exceeding 20 million yuan (approximately US $ 3 million).

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