China's economy maintains recovery momentum in November

Source: Xinhua| 2021-12-15 14:00:26|Editor: huaxia

Aerial photo taken on Dec. 5, 2021 shows the sunrise scenery of the Yangpu international container port at Yangpu economic development zone in south China's Hainan Province. (Xinhua/Pu Xiaoxu)

BEIJING, Dec. 15 (Xinhua) -- China's economy continued its recovery momentum in November, with major indicators staying within a reasonable range, official data showed Wednesday.

Retail sales of consumer goods in November went up 3.9 percent year on year in November, while value-added industrial output increased 3.8 percent year on year last month, data from the National Bureau of Statistics (NBS) showed.

Fixed-asset investment went up 5.2 percent year on year in the first 11 months of the year, with investment into high-tech industries accelerating, the data showed.

The country's surveyed urban unemployment rate stood at 5 percent in November, 0.2 percentage points lower than the same period last year.

"The resilience of development has been continuously enhanced and the economic operation is generally stable," the NBS said in a statement.

KEY WORDS: China,Economy,Growth