"Within one month our revenues had jumped over 50%."

China Rebound Accelerates as Xi Confronts 8.1% Unemployment Rate

Good news for China as multiple economic indicators point to a rebound:

China’s factory output and retail sales topped forecasts last month in signs that an economic recovery is accelerating, improvements that may pare a jobless rate newly estimated at almost double the official figure.

Industrial production climbed 10.1 percent in November from a year earlier and retail sales growth accelerated to 14.9 percent, while inflation was 2 percent, the statistics bureau said yesterday. The urban unemployment rate exceeded 8 percent this year, a central bank-backed research center said yesterday in Beijing, citing a household survey.

via China Rebound Accelerates as Xi Confronts 8.1% Unemployment Rate – Bloomberg.

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Author:Sunny Mui

Sunny Mui is the chief editor of Globial Talks Business and is always interested in the latest international business news,

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