BEIJING Dec 13 China's factory output rose 6.2
percent in November from a year earlier, while retail sales
jumped 10.8 percent, both beating expectations, while
fixed-asset investment was in-line with forecasts.
Analysts polled by Reuters had predicted factory output
growth of 6.1 percent, the same as October.
Growth of fixed asset investment was 8.3 percent in the
January-November period, the National Bureau of Statistics said
on Tuesday, the same pace as in the first 10 months of the year
and meeting analysts' estimates.
Growth of private investment quickened to 3.1 percent from
2.9 percent in January-October, suggesting an improved appetite
from private firms to invest.
Private investment accounts for about 60 percent of overall
investment in China.
Retail sales picked up 10.8 percent in November on-year,
much stronger than expectations, as many shoppers splurged on
"Single's Day" on Nov. 11. Chinese e-commerce giant Alibaba
Group Holding Ltd said it racked up more than $5
billion in transactions in the first hour.
Analysts had forecasted they would rise 10.1 percent, edging
up from the prior month.
China's economy has started to stabilise over the last few
quarters as increased government spending and a housing market
rally fuel a construction boom, but private investment remains
(Reporting by Kevin Yao; Editing by Kim Coghill)