CHINESE|ENGLISH

China´s industrial output growth slumps to 5.4% in Nov (12/15/2008)

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

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