China's Industrial Output Growth Up As Exports Jump

Output grew 14.9%

Booming exports helped China's industrial output pick up slightly in November after it hit the lowest growth rate for the year in October, official data showed Dec. 13. Industrial output, a key measure of the temperature of the world's fourth-largest economy, grew 14.9% last month compared with a year earlier, the National Bureau of Statistics said.

In the first 11 months of the year, industrial production rose 16.8% compared with the same period in 2005, according to an NBS statement.

Growth in China's industrial output had seen a general weakening after it peaked at 19.5% in June, slowing to 14.7% in October, according to previously released figures.

The slight rebound in November could reflect a gradual recovery among Chinese enterprises from the initial impact after the government introduced curbs on the construction sector mid-year, according to economists.

China maintained its status last month as supplier to the world, with industrial exports rising 20.6% from a year earlier to 550.6 billion yuan (US$70 billion.)


Copyright Agence France-Presse, 2006

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