The rebound in the Chinese economy accelerated again in November with industrial production rising by a larger-than-expected 19.1 per cent compared to the year before.
The increase in factory output compared to a 16.1 per cent rise in October and represented the fastest pace of growth in industrial production since June 2007. In a further sign of recovering domestic demand, imports rebounded from 6.4 per cent drop year-on-year in October to a 26.7 per cent increase in November, while exports narrowed their rate of decrease from 13.8 per cent in October to 1.2 per cent last month.
The Chinese economy also returned to consumer price inflation in November with prices rising 0.6 per cent, compared to a 0.5 per cent decline the month before. Prices at the factory gate fell by 2.1 per cent last month compared with a 5.8 per cent decline the month before.