A spokesperson for the National Bureau of Statistics, Liu Aihua, said the country is advancing towards a high quality development with macroeconomic policies that generate positive effects.
“In October, the added value of major industrial enterprises grew by 4.6 percent year-on-year, a slightly higher increase compared to the previous month,” she revealed.
The services output index rose by 7.7 percent year-on-year, an improvement of 0.8 percent over September, the spokeswoman said.
On the other hand, total retail sales of consumer goods reached four thousand 333 trillion yuan (about 598.1 billion U.S. dollars), a year-on-year increase of 7.6 percent and a significant expansion compared to September, she stressed.
Imports and exports of goods amounted to 35,417 trillion yuan, about five trillion dollars, up 0.9 percent year-on-year.
Likewise, the trade balance recorded a surplus of 405.5 billion yuan, almost 60 billion dollars.
Other indicators show a stable urban unemployment rate at 5.0 percent in October, while the Consumer Price Index (CPI) fell 0.2 percent year-on-year and 0.1 percent month-on-month.
In October, the Chinese celebrated National Day and enjoyed just over a week of holidays that triggered domestic consumption, travel and demand for products and goods, a boon for China’s economy.
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