China Heads for Strong Growth in 2021 as Recovery Gathers Pace
Industrial output, retail sales grew in line with forecasts
Oxford, Goldman Sachs upgrade growth forecasts for next year
China pulled further ahead of other major economies in November as industrial output and retail sales strengthened, reinforcing expectations of healthy growth in 2021.
Industrial production rose 7% in November from a year earlier, while retail sales expanded 5% in the period. Fixed-asset investment grew 2.6% in the first 11 months of the year from the same period in 2019. The data matched the median estimates in a Bloomberg survey of economists.