{"id":1909,"date":"2024-12-16T12:48:37","date_gmt":"2024-12-16T12:48:37","guid":{"rendered":"https:\/\/otetmarkets.com\/blog\/?p=1909"},"modified":"2024-12-16T12:48:38","modified_gmt":"2024-12-16T12:48:38","slug":"chinas-industrial-production-grows-in-november-2024","status":"publish","type":"post","link":"https:\/\/otetmarkets.com\/blog\/news\/chinas-industrial-production-grows-in-november-2024\/","title":{"rendered":"China’s Industrial Production Grows in November 2024"},"content":{"rendered":"\n

China’s industrial production expanded by 5.4% year-on-year (yoy) in November 2024, slightly surpassing market expectations and improving on October\u2019s 5.3% growth rate. This positive trend highlights the resilience of the Chinese manufacturing sector, which played a key role in driving the overall performance. The latest figures show a steady recovery in the world’s second-largest economy, even amid global economic uncertainties.<\/p>\n\n\n\n

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Manufacturing Leads the Growth<\/h2>\n\n\n\n

The manufacturing sector experienced robust growth of 6.0% in November, up from 5.4% in October. Among the 41 major manufacturing sectors, 34 recorded increases. Notable performers included computer and communication equipment production, which surged by 9.3%, and chemical manufacturing, up by 9.5%. The automotive sector also stood out, achieving a remarkable 12% growth, signaling strong domestic and international demand. Other key sectors such as general equipment manufacturing (4.4%) and railway, ship, and aviation equipment (7.9%) also contributed significantly to the overall expansion.<\/p>\n\n\n\n

Mixed Performance in Energy and Mining<\/strong><\/h3>\n\n\n\n

While manufacturing thrived, other sectors saw slower growth. The electricity, heat, gas, and water production and supply segment expanded by just 1.6%, a sharp decline from October’s 5.4%. The mining sector also experienced modest growth, rising by 4.2%, down from 4.6% the previous month. Key subsectors such as coal mining and washing grew by 3.7%, while oil and natural gas production rose by 5.3%. However, output for non-metallic mineral products contracted by 2.3%, reflecting uneven recovery patterns across industries.<\/p>\n\n\n\n

A Promising Outlook for 2024<\/strong><\/h3>\n\n\n\n

Cumulatively, China\u2019s industrial output grew by 5.8% during the first eleven months of 2024, underscoring steady progress throughout the year. On a monthly basis, industrial output rose by 0.46% in November, up from 0.41% in October, signaling acceleration in short-term growth. These figures suggest a promising end to the year for China\u2019s industrial sector, driven by innovation and resilience in key industries, while highlighting areas that may require further policy support to sustain balanced growth.<\/p>\n","protected":false},"excerpt":{"rendered":"

China’s industrial production expanded by 5.4% year-on-year (yoy) in November 2024, slightly surpassing market expectations and improving on October\u2019s 5.3% growth rate. This positive trend highlights the resilience of the Chinese manufacturing sector, which played a key role in driving the overall performance. The latest figures show a steady recovery in the world’s second-largest economy, […]<\/p>\n","protected":false},"author":2,"featured_media":1911,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,2],"tags":[37],"class_list":["post-1909","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-economy-news","category-news","tag-financialnews"],"_links":{"self":[{"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/1909","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/comments?post=1909"}],"version-history":[{"count":1,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/1909\/revisions"}],"predecessor-version":[{"id":1913,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/1909\/revisions\/1913"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/media\/1911"}],"wp:attachment":[{"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/media?parent=1909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=1909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=1909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}