Output, sales figures confirm China rebound

12/9/2012 | Bloomberg · Xinhuanet.com (China) · China Daily (Beijing)

China's industrial production climbed 10.1% year-on-year last month, while retail sales surged 14.9% in two heartening signs tending to confirm an economic rebound. In further good news, inflation clocked in at 2%, up slightly from October but still half the target rate, and a survey revealed improved investment in November. However, a new measure of urban unemployment pegged it at 8.1% at midyear, far above the officially reported rate, indicating that China's new leaders might take action to address the problem.

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Bloomberg · Xinhuanet.com (China) · China Daily (Beijing)

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