National Bureau of Statistics (NBS), State Council Information Office (SCIO) has recently released the data on November 2021 economic performance. On December 15, 2021, SCIO held a press conference on the topic.

In the press conference, the spokesperson specified:

·   the economy remains stable overall

·   increase in CPI

·   industrial and agricultural production remains stable and increasing

·   employment remains stable 

·   new highs in agricultural production

·   expecting 1.0 trillion kg products for the entire year, up 1.9 percent year on year

·   industrial production increased

·   total value-added of industrial enterprises up 3.8 percent year on year

·   service industry is generally recovering, particularly the newly emerging service industry 

·   national service production index rose 3.1 percent year on year

·   market sales remain stable, with online retail growing rapidly

·   retail sales of consumer goods reached C¥4.1 trillion, up 3.9 percent year on year

·   growth in investments in fixed assets continues, particularly investment in high-tech industries 

·   investments in fixed assets January to November reached C¥49.4 trillion, up 5.2 percent growth year on year

·   imports and exports grew rapidly as trade optimised

·   overall import and export: C¥3.7 trillion; 20.5 percent growth year on year

·   imports: C¥2.1 trillion

·   exports: C¥1.6 trillion

·   urban unemployment rate remained stable

·   urban surveyed unemployment rate at 5.0 percent, same as September

·   between January-November 2021, over 12.1 million individuals found jobs in urban areas

      ·   consumer price index grew 2.3 percent year on year, with producer price index growing 12.9 percent year on year

If you need more information on the topic, please contact:

assistant@bestao-consulting.com