China - December 17, 2024 China's economy logs stable performance in November with positive changes (Voice_over) China's economy remains stable and resilient amid global challenges, with the November data showing strong industrial production and growing investment in manufacturing and high-tech industries. (Sound_bite) Fu Linghui, Spokesman, National Bureau of Statistics： "Generally speaking, as the existing and incremental policies continued to have a combined impact in November, the national economy was generally stable with steady progress, accumulating more positive changes." (Voice_over) China has just concluded its Central Economic Work Conference highlighting the need to boost consumption and a “more proactive” fiscal policy for 2025. Earlier, a range of targeted policy measures has been implemented to address both supply and demand sides of the economy since October. As reflected in November’s data, these initiatives are now benefiting various sectors of the economy. According to the spokesperson, China’s investment in manufacturing and high-tech industries grew fast. (Sound_bite) Fu Linghui, Spokesman, National Bureau of Statistics： "In the first eleven months, the investment in fixed assets is up by 3.3 percent year on year. Specifically, the investment in infrastructure grew by 4.2 percent year on year, while in manufacturing, it grew 9.3 percent." (Voice_over) Within the sector, high-tech and equipment manufacturing are outperforming, with high-tech manufacturing and high-tech services achieving 8.2 percent and 10.2 percent growth rate respectively. [Restriction: No access Chinese mainland]