Space Industry and Business News  
TRADE WARS
China says output, retail sales accelerate in November
by Staff Writers
Beijing (AFP) Dec 13, 2016


China's industrial output and retail sales growth both accelerated in November, government data showed Tuesday, in a sign of stabilisation for the world's second-largest economy.

Industrial output rose 6.2 percent in the month, ahead of both October's figures and economists' predictions of 6.1 percent in a Bloomberg News survey.

Retail sales rose 10.8 percent on-year in nominal terms, up from 10.0 percent in October, while fixed-asset investment, a gauge of infrastructure spending, rose 8.3 percent in the first 11 months of the year, the National Bureau of Statistics (NBS) said.

China is a key driver of the world economy but its expansion has slowed significantly from the double-digit years of the past.

Now Beijing is seeking to make a difficult transition away from its dependence on exports and heavy industry towards consumption as the engine of the economy.

After a bumpy start to the year, it has shown resilience in the last quarter, aided by ample credit policies and the weakening of the yuan currency, making Chinese goods cheaper to buy for overseas customers.

Total retail sales reached 3.1 trillion yuan ($450 billion) in the month, boosted by the annual "Singles Day" online sales promotions for November 11.

Sales of household electrical appliances, office goods, communication devices and automobiles were particularly strong.

Utilities and auto sales came in stronger than expected in the month, as growth shifted towards industry and away from construction and services last month, IHS Global Insight analysts said in a note.

- Trump uncertainty -

Together the data show that China's recovery "remains intact heading into 2017", Julian Evans-Pritchard of Capital Economics said in a note.

But as credit growth has cooled and the red-hot property sector faces a correction, the economy is likely to begin slowing again next year, he added.

The recovery has been driven by state-owned enterprises, suggesting that the government and SOEs are taking up a larger share of the economy, Zhao Yang of Nomura said.

Recent curbs on buying real estate led to a slight slowdown in property investment and sales that will continue to kick in, "adding downward pressures" in coming months, he noted.

And the outlook for China's performance is clouded by uncertainty over the coming US presidency of Donald Trump, who has promised to declare China a currency manipulator and threatened to slap 45 percent punitive tariffs on imports from the country to protect American jobs.

In an interview broadcast Sunday, Trump doubled down on tough rhetoric towards Beijing, saying he did not see why the US must "be bound by a one China policy unless we make a deal with China having to do with other things, including trade".

In a statement, NBS analyst Mao Shengyong described economic development as "steady and sound" in November, citing factors including supply-side structural reform, stimulus policies and improved factory efficiency.

But he added: "We should be aware that domestic and external conditions are still complicated with a number of unstable and uncertain factors."

Investors welcomed the stronger-than-expected results, with Chinese stocks ending slightly higher Tuesday.

The benchmark Shanghai Composite Index closed up 0.07 percent to 3,155.04.


Comment on this article using your Disqus, Facebook, Google or Twitter login.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
Global Trade News






Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
TRADE WARS
China statistics chief says false economic data is a problem
Beijing (AFP) Dec 8, 2016
China's top statistician has accused local officials of "falsifying" economic figures and warned offenders would be severely punished, reflecting growing concern about the reliability of government data. "Currently, there have been occasional cases of local sectors falsifying statistics and practising fraud, which violate statistical laws and regulations," Ning Jizhe, director of the Natio ... read more


TRADE WARS
Decoding cement's shape promises greener concrete

Deep-frozen helium molecules

Shape matters when light meets atom

NASA awards contract for refueling mission spacecraft

TRADE WARS
Japan to Launch First Military Communications Satellite on January 24

Intelsat General to provide satellite services to RiteNet for US Army network

NSA gives Type1 certification to Harris radio

Upgraded telecommunications network for Marines

TRADE WARS
Russia to face strong competition from China in space launch market

Vega And Gokturk-1A are present for next Arianespace lightweight mission

Antares Rides Again

Four Galileo satellites are "topped off" for Arianespace's milestone Ariane 5 launch from the Spaceport

TRADE WARS
OGC requests public comment on its Coverage Implementation Schema

Lockheed Martin Advances Modernization of Current GPS Ground Control System for USAF

High-Precision System for Real-Time Navigation Data of GLONASS Ready for Service

Launch of new Galileo navigation quartet

TRADE WARS
On Madagascar beaches, families search for MH370 clues

One ship left in MH370 underwater search

US approves $7 bn in aircraft sales to Arab allies

Pentagon defends new Air Force One after Trump slam

TRADE WARS
Stamping technique creates tiny circuits with electronic ink

3-D solutions to energy savings in silicon power transistors

Physicists decipher electronic properties of materials in work that may change transistors

Improving the resolution of lithography

TRADE WARS
Eyes in the sky

Bacterial mechanism converts nitrogen to greenhouse gas

Vega lofts Turkey's Earth observation satellite

DigitalGlobe releases first high-resolution image from WorldView-4 satellite

TRADE WARS
Unruly drivers undermine Paris pollution ban

Paris chokes under worst winter pollution in decade

Paradise lost: How toxic water destroyed Pakistan's largest lake

New grasses neutralize toxic pollution from bombs, explosives, and munitions









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.