China's steel industry is entering a new development phase of slower output growth but higher quality, industry experts said.Latest data from the Ministry of Industry and Information Technology showed China's crude steel output reached 904 million metric tons over the January-November period, increasing 7 percent year-on-year－nearly 3 percentage points lower than the year-on-year crude steel output growth rate for the first half of 2019, which stood at 9.9 percent.The China Metallurgical Industry Planning and Research Institute predicted in a recent report that both China's crude s...
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2019
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BEIJING - China's crude oil production rose 0.9 percent year-on-year to 15.7 million tons in November, according to the National Bureau of Statistics (NBS).The growth rate was up 0.9 percentage points from the previous month, while the country's daily average output of crude oil increased 3,000 tons to 523,000 tons.In the first 11 months of the year, China's crude oil output totaled 174.95 million tons, up 1 percent from the previous year, the NBS data showed.Imports of crude oil rose 6.7 percent year-on-year to 45.74 million tons in November, while during the January-November peri...
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2019
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Major economic indicators performed better than expected in November, showing that the Chinese economy made progress in stability despite challenges both at home and abroad, according to the National Bureau of Statistics on Monday.The country's industrial output, an important economic indicator, increased by 6.2 percent year-on-year last month, compared with 4.7 percent for October, the NBS said.Retail sales rose by 8.0 percent year-on-year in November, compared with 7.2 percent in the previous month, the bureau said.Fixed-asset investment expanded by 5.2 percent in the first 11 months, un...
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2019
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