China's economy shows signs of growth on higher output, retail sales

Central bank pumps record level of liquidity into the banking system

20231215 China GDP

 Shoppers stroll on Wangfujing shopping street in Beijing. © Getty Images

CK TAN, Nikkei staff writer

SHANGHAI -- China's economy showed signs of modest growth in November, as output and consumer spending increased while the property market remained weak despite the government's promise of more policy support.

Industrial production grew 6.6% from a year earlier, the National Bureau of Statistics announced, compared to 4.6% in October. Retail sales increased 10.1%, up from 7.6% in the previous month largely due to demand for food services rather than goods.

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