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China data releases provide clue to economic growth |
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China's industrial output and investment growth cooled in November while electricity output, a proxy for the health of industrial activities, fell to 6.8% from 8.4% in October.
The notoriously volatile monthly data provides a mixed bag of growth in November.
The output from industrial enterprises rose 10% from a year earlier, a slight fall from October's 10.3%.
The growth rate is lower than projections.
While investment growth in the manufacturing sector fell by 0.5% compared with the January to October period, property investment continued to be very strong despite the government curbs taken to cool growth.
The property sector investment was up 19.5% in November, the growth rate is 0.3% higher than that of the first 10 months.
The value of homes sold in November rose 19% to 720.4 billion yuan, the highest since December 2011. |
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