Industrial growth in China exceeded expectations

Moscow. December 14. The volume of industrial production in China in November 2015 increased by 6.2% compared to the same month last year after rising 5.6% in October, according to announced Monday the data of the State statistical management of the country.

Economists surveyed by various Western publications, the average expected increase of 5.7%.

According to The Wall Street Journal, positive signals on the Chinese economy in recent times come more often, and it gives the chance that PRC will be able to reach the target level of GDP growth at 7% this year. Such economic growth will be the weakest for a quarter century, but one time, economists feared that China reached this level.

“Very good news, which show that incentive programs are finally working, said Mizuho Securities Asia economist Shen Sanguan. – We are not talking about large-scale fracture trend, but it is good that the downturn has stopped”.

In particular, automobile production in China surged in November by 16% since the October to 4.9% and energy output increased by 2.2%, after falling 0.3% a month earlier.

However, the growth in retail sales in November accelerated to 11.2% yoy from 11% in the previous month and exceeded forecasts of the experts expecting the gain rise to 11.1%. It also has different automobile segment – passenger cars sales jumped 9% in November.

The increase in investment in fixed assets in the PRC coincided with the consensus forecast at 10.2% for the period from January to November, the lowest level since 2000. For 10 months of the 2015 investment in fixed assets also increased by 10.2%.