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China: November data points to steady economic growth for China
Storyline: November data points to steady economic growth for China [Voice_over] Stable with sustained steady progress. This is the message from China's national economy in November. [Sound_bite] Fu Linghui, Spokesperson, National Bureau of Statistics: "Production and supply remained steady, employment was generally stable, and new quality productive forces were developing at a solid pace." [Voice_over] Grain harvest output was up by 1.2 percent. China’s industrial output saw 4.8 per-cent increase in November. The service sector continued to expand steadily, with modern services showing solid momentum - the Index of Services Production was up 4.2 percent year on year. As the key measure of inflation, China’s Consumer Price Index, or CPI, rose at its fastest pace in 21 months in November, climbing 0.7 percent year on year. As the national economy remained stable in November, internal and external challenges remain for China’s economic development. [Sound_bite] Fu Linghui, Spokesperson, National Bureau of Statistics: "The economy still faces multiple challenges of external instability and uncertainty as well as insufficient effective domestic demand." [Voice_over] Looking ahead, Fu says China will focus on keeping employment, markets and expectations stable, while deepening reform and opening up, so as to further advance high-quality economic growth while achieving an appropriate increase in economic output. [Restrictions: No access Chinese mainland]
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