China’s October industrial output rises 10.3% on-year


China’s industrial production, which measures output at factories, workshops and mines, rose 10.3 percent in October year-on-year, the government announced Saturday.

The gain announced by the National Bureau of Statistics (NBS) marks a marginal acceleration from September when the indicator showed an increase of 10.2 percent.

The NBS said that retail sales, a key indicator for consumer spending in the world’s second-largest economy, also rose, gaining 13.3 percent in October from the same month the year before, the same result as September.

Fixed asset investment, a measure of government spending on infrastructure, rose 20.1 percent during the first 10 months of this year from the same period in 2012, the NBS added. That indicator had increased by 20.2 percent during the first nine months of this year.

The data for October come as China’s ruling Communist Party on Saturday kicked off a closely watched four-day meeting focused on economic reform.

The gathering, known as the Third Plenum, has traditionally set the economic tone for a new government, and comes a year after China embarked on a once-a-decade leadership transition that was completed in March.

China’s economy — the world’s second largest and a key driver of regional and global growth — expanded 7.8 percent in the three months from July to September, the NBS announced last month, snapping a two-quarter slowdown.




Source : Channel News Asia | November 9, 2013


About thomasdinnocenzi

Thomas D'Innocenzi is a highly accomplished, results-focused senior international executive with extensive experience in global sourcing and market development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global sourcing operations worldwide. Extensive experience in international market development operations to accommodate rapid growth. Skilled in building top-performing teams, benchmarking performance, and restricting organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. As principal of Nova Advisors, LLC I’ve assembled an exemplary team that brings with them the knowledge and experience gained from starting up a Global Sourcing program with multiple Fortune 500 companies as well as the largest supplier network throughout the Asia-Pacific region. We have experience and expertise in more than a thousand medical and pharmaceutical products in manufacturing and sourcing at the best value. The right product, the right price point and the right branding fueled these successes that resulted in double-digit growth for top line sales and bottom line net margins for our customers. What sets us apart: • Our reach includes a large network of suppliers & manufacturers spanning 13 countries in Asia-Pacific region • We understand the manufacturing process and the business of the supplier and the buyer • Our company culture is based on quality assurance and our process is based on local quality control Our commitment is to be your partner offering the best products and services at the lowest cost. Contact me to discuss how we can make the global marketplace work for you. In addition, I am open to discussing opportunities in global sourcing, international marketing & sales, logistics and medical/pharma in Thailand, Vietnam, Malaysia, Philippines & Japan. Aside from my work I enjoy piano, astronomy, physics, and assisting my daughters with their studies. SPECIALTIES: Global Sourcing, Supply Chain Management, Business Development, Marketing, Logistics, Global Networking, Market Development, Healthcare Solutions, Pharmaceuticals, Medical Devices, Technology, Asia, Southeast Asia, US and Canada
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