Industrial Output
Value-added industrial output, an important economic indicator, went up 5 percent year on year in October, 0.2 percentage points higher than that of the third quarter, according to data from the National Bureau of Statistics.
Despite multiple challenges, such as the complex international situation and domestic COVID-19 resurgences, the Chinese economy has sustained a steady trend of recovery in the month as the country stepped up efforts to implement pro-growth policies, the bureau said.
Output of the mining industry increased 4 percent, while that of the manufacturing sector rose 5.2 percent, the data showed.
In particular, the hi-tech manufacturing sector posted