China’s industrial production exceeds expectations in December; retail sales also accelerate | Reuters

China’s industrial production exceeds expectations in December; retail sales also accelerate | Reuters
China’s industrial production exceeds expectations in December; retail sales also accelerate | Reuters

On January 17, China’s National Bureau of Statistics announced that industrial production in December 2024 will increase by 6.2% from the previous year, an acceleration of growth from 5.4% in November. The photo was taken in May last year at a factory in Nanchang, China (2025 Reuters/Kevin Krolicki)

[北京 17日 ロイター] – China’s National Bureau of Statistics announced on the 17th that industrial production in December 2024 increased by 6.2% year-on-year, accelerating from 5.4% in November. This showed the resilience of the manufacturing industry as the government launched economic stimulus measures.

It also exceeded the forecast (5.4% increase) of 38 analysts compiled by Reuters.

Retail sales increased by 3.7% from the previous year. This also accelerated from November’s 3.0% increase and exceeded analysts’ expectations for a 3.5% increase.

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Fixed asset investment in 2024 increased by 3.2%. The forecast was for a 3.3% increase, and the January-November period was also 3.3% higher.

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