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China´s industrial output growth slumps to 5.4% in Nov (12/15/2008)
2008-12-15 14:38:00
China´s industrial growth saw a pronounced slowdown, rising 5.4 percent year on on-year in November and plunging 11.9 percentage points from a year earlier.
This is a continuation of slump since September as the global credit squeeze and declining orders began to bite, according to figures released by the National Bureau of Statistics (NBS) today.
The November´s figure is the weakest in seven years and most economists attribute the slowdown to the ailing international financial services industry and the abrupt cut in orders for China´s exports.
Source:China Daily
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Source: 中国纺织导报
