China's National Bureau of Statistics: ”Industrial economy shows sustained recovery in November” - Chinese media

China's National Bureau of Statistics recently announced that operating revenues of industrial enterprises nationwide or above increased 0.5% in November compared to the same month last year.
In November, the manufacturing industry saw rapid profit growth in the high-end, smart and green industries.
The photoelectron device manufacturing industry grew 41.1% year-on-year, the wearable smart equipment manufacturing industry grew 90.3% year-on-year, and the drafting, calculation and surveying equipment manufacturing industry grew 41.1% year-on-year, supporting the high-quality development of domestic industrial enterprises.
The lithium-ion battery manufacturing industry increased by 31.3% year-on-year, and the lithium-ion battery manufacturing industry increased by 35.3% year-on-year. In November, the effects of various policies continued to be felt, and profits in related industries soared.
As a result of the implementation of the policy, profits of specialized equipment manufacturers increased by 36.7% year on year. In addition, due to the effect of the consumer goods replacement promotion policy, profits of consumer goods manufacturers increased by 22.0% year on year in November.
Of the 13 manufacturing industries, eight saw profits increase compared to the same month last year. A representative of the National Bureau of Statistics said, "We will continue to monitor the implementation of each policy to strengthen our ability to achieve sustainable development and ensure the recovery of the industrial economy."
"We will strengthen this relationship," he said.