China's economy registers steady growth in November

China's economy has continued steady progress in November, creating favorable conditions to achieve the annual growth target, according to data from the National Bureau of Statistics (NBS).

- In November, the country's value-added industrial output expanded 4.8 percent year on year.

- In November alone, retail sales of consumer goods, a major indicator of the consumption strength, went up 1.3 percent.

- The services sector also recorded steady expansion last month, with the services production index climbing 4.2 percent year on year, the data showed.

- In November, the total value of imports and exports of goods was 3,898.7 billion yuan, up by 4.1 percent year on year.

The sound momentum of China's economy is attributable to the precise implementation of more proactive and impactful macro policies, NBS spokesperson Fu Linghui told a press conference, adding that recent policy measures on boosting consumption, investment and the large-scale application of new scenarios will further strengthen the growth momentum.