China’s National Bureau of Statistics announced a series of November economic data.
In November, total retail sales of consumer goods reached RMB2,101 billion, up 13.7% year-on-year in nominal terms.
From January to November, the total retail sales of consumer goods stood at RMB21,132 billion, up 13.1%.
In November, the total value added of industrial enterprises above designated size rose 10.0% year-on-year. On a month-on-month basis, the gauge increased 0.76%.
From January to November, the total value added of the industrial enterprises above designated size increased 9.7%.
From January to November, total investment in real estate development was RMB7,741 billion, up 19.5% year-on-year. The growth was 0.3 percentage point faster than that of the first ten months.
Investment in residential properties reached RMB5,311 billion, up 19.1%.
From January to November, investment in fixed assets reached RMB39,128 billion, up 19.9% year-on-year. In November, investment in fixed assets increased 1.47% month-on-month.
From January to November, private investment in fixed assets stood at RMB24,838 billion, up 23.2% year-on-year. The growth rate is 0.1 percentage point slower than that of the first ten months.
