Sales growth in retail trade was in October the strongest in eight months. Although Chinese industrial production increased somewhat slower than before, it is still above levels that make it possible to reach the government's goal this year of a growth rate of around five percent.
In the face of the threat of American tariffs, which newly elected President Donald Trump has hinted at – during the night to Friday, a range of positive Chinese economic statistics were released, which may indicate that the world's next largest economy is on its way out of a sluggish period.
In recent times, the Chinese government has launched a range of stimulus measures to get the stagnant development going, primarily targeting the problem-laden property sector.
The figures also showed that the decline in housing prices slowed down in October.
