Strong Growth in China's Industrial Production

According to the National Bureau of Statistics, China's industrial output experienced a robust 5.4% increase in November compared to the same period last year. This marks a notable 0.5% improvement from October's figures.

Sector-wise Breakdown: The mining sector saw a 4.2% year-on-year rise, while manufacturing output grew by 6%. Additionally, the electricity, thermal power, gas, and water sector grew by 1.6%.

Notable Product Increases: Among the products, new-energy vehicles showed a remarkable 51.1% increase in output. Industrial robots and integrated circuits also saw significant growth, with increases of 29.3% and 8.7% respectively compared to November 2023.