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Fast pace of growth for China

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CHINA continued to register fast economic growth last month, with industrial production rising steadily, the State Statistics Bureau said yesterday.

Bureau data shows that industrial production, which had suffered from a relatively low growth rate during the previous four months, rose in November.

Total industrial output reached 310.1 billion yuan (about HK$415.5 billion) in November, up 18.9 per cent on the same month last year.

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As production climbed, growth in sales of industrial products also rose last month to hit 96.25 per cent, the highest rate for this year.

According to the bureau, China enjoyed a bustling market in November with total turnover in retail sales of 119.6 billion yuan, 30 per cent higher than for the same month last year.

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