TELETRADER News
1/17, 3:04 AM
(Source: TeleTrader)
Industrial production in China rises 1.3% in December
China's industrial production advanced 1.3% in December year-on-year to land above analysts' projections, the country's National Bureau of Statistics revealed on Tuesday.
The figure marks a 0.06% increase month-on-month but fell by 0.9 percentage points compared to the yearly increase seen in November.
Over the course of the year, the measure of output of the industrial sector surprised expectations growing by 3.6% on an annual basis. In 2022, the state-holding enterprises added 3.3% year-on-year, with the share-holding and private enterprises advancing 4.8% and 2.9% respectively, while the enterprises funded by foreign investors or investors from Hong Kong, Macao and Taiwan increased by 1.0%.