China’s Economy Continues Broad Recovery Despite Covid-19 Surge Elsewhere
Industrial output, investment and consumer spending all grew at faster paces in November
China’s economic activity extended its momentum in November with an across-the-board recovery, putting the world’s second largest economy on stronger footing as it approaches the end of a tumultuous year.
Major economic indicators, including industrial output, investment and consumer spending, all grew at faster paces last month, supporting job growth and driving down unemployment rates, according to official data released Tuesday.
China’s industrial output rose 7.0% in November from a year earlier—its highest level in more than two years, China’s official National Bureau of Statistics said. The result was a tick up from 6.9% in October, and beat the 6.8% increase expected by economists polled by The Wall Street Journal.