China’s industrial production maintains strong growth
China’s value-added industrial output grew by 7% y/y in real terms in November 2020
China’s value-added industrial output grew by 7% y/y in real terms in November 2020, the highest growth rate since April 2019. After three months of y/y growth rate hovering around 7%, the strong recovery on the supply side is stabilising. During the first eleven months of 2020, China’s industrial output rose by 2.3% y/y, a much better performance compared to the still negative change in consumer spending.
According to China’s National Bureau of Statistics, in November, 34 of the 41 industrial sectors recorded positive y/y growth.
Further data and analysis on China’s economy is available on the CEIC China Economy in a Snapshot – Q4 2020 report.