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

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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

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Thomas D’Innocenzi is a highly accomplished, results-focused international consultant with extensive experience in global sourcing and business development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global marketing and sourcing operations. He has extensive experience in international business development to accommodate rapid growth. Skilled in building top-performing teams, bench-marking performance, and developing organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. Tom founded Nova Advisors with the mission of providing expert Global Business Development consulting services for companies seeking to expand their market share as an independent consultant. Tom has a network of experts and advisors throughout the Asia-Pacific region and North America. His expertise includes business development, global sourcing, manufacturing, commodities, logistics, QA/QC, FDA, regulatory compliance, sustainability, and supply chain optimization. Tom is experienced in the medical device, apparel, consumer goods and technology services verticals helping companies advance their global sourcing capabilities and develop new markets through a local and sustained approach. Located in SE Asia and the United States, Tom expands market reach to drive sales. His global sourcing strategy includes directly negotiating with commodity suppliers, supply chain networks and distributors for optimal terms based on his expertise and first-hand knowledge of the players. Contact Tom to use his consulting service to increase your global market and make global sourcing profitable for you in the Asia Pacific Region and the United States. http://www.NovaAdvisors.com thomas@NovaAdvisors.com USA Direct: +1.904.479.3600 SINGAPORE: +65.6818.6396 THAILAND: +662.207.9269
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