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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Airlines predict better new year following weaker than anticipated 2019 performanceSlowing economic growth and the trade dispute between China and the United States have impacted the aviation industry in 2019, according to global airlines body the International Air Transport Association, or IATA.The association, which represents some 290 airlines, gave an outlook on the industry during the annual Global Media Day briefings at its headquarters in Geneva.The IATA forecasts that the industry will produce a profit of $29.3 billion next year.That is an improvement over 2019's expected net profi...
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BEIJING - China took a green path in power generation during the 2014-2018 period, with the continuous expansion of clean energy production, the fourth national economic census showed.In 2018, the country's power generation hit 7.1 trillion kilowatt-hours (kwh), up 31.3 percent from 2013, according to a report on the fourth economic census released by the National Bureau of Statistics Monday.The growth of power generation in China's western region led all regions in the five-year period, increasing 42.3 percent from 2013, thanks to the exploitation of clean energy and the construction ...
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