China Data Show Economic Rebound Picking Up Steam

From the New York Times:

Industrial output and retail sales for October both topped analysts’ expectations, with jumps of 16.1 percent and 16.2 percent, respectively, from a year earlier. The increases also were higher than in September, showing that the pace of recovery was continuing to pick up steam.

Separately, the customs office said exports in October had been 13.8 percent below the level of a year earlier, while imports had fallen 6.4 percent, more than expected. The drop in exports was less than that of a month ago, but the decline in imports accelerated slightly.

As a result, China’s trade surplus for the month swelled to $24 billion, nearly double the level in September, a development likely to fuel pressure on China to let its currency appreciate.

CDT EBOOKS

Subscribe to CDT

SUPPORT CDT

Browsers Unbounded by Lantern

Now, you can combat internet censorship in a new way: by toggling the switch below while browsing China Digital Times, you can provide a secure "bridge" for people who want to freely access information. This open-source project is powered by Lantern, know more about this project.

Google Ads 1

Giving Assistant

Google Ads 2

Anti-censorship Tools

Life Without Walls

Click on the image to download Firefly for circumvention

Open popup
X

Welcome back!

CDT is a non-profit media site, and we need your support. Your contribution will help us provide more translations, breaking news, and other content you love.