Updated: 12/15/2008 2:38:00 PM
China´s industrial growth saw a pronounced slowdown, rising 5.4 percent year on on-year in November and plunging 11.9 percentage points from a year earlier.
This is a continuation of slump since September as the global credit squeeze and declining orders began to bite, according to figures released by the National Bureau of Statistics (NBS) today.
The November´s figure is the weakest in seven years and most economists attribute the slowdown to the ailing international financial services industry and the abrupt cut in orders for China´s exports.
Source:China Daily
Authority in Charge: China National Textile and Apparel Council (CNTAC)
Sponsor :China Textile Information Center (CTIC)
ISSN 1003-3025 CN11-1714/TS