Positive October economic data released

China's National Bureau of Statistics has released key economic data for October. Figures show continued economic recovery.

The Consumer Price Index, a main gauge of inflation, fell 0.5 percent in October, year-on-year, narrowing from September's 0.8 percent.

The growth rate for industrial output, which was 16.1 percent in October, year-on-year, hit a 19-month record high.

The producer price index fell 5.8 percent in October from a year earlier in its 11th consecutive monthly drop, slowing from the 7 percent drop in September.

Urban fixed-asset investment climbed a third in the first 10 months from the same period last year, reaching over 15 trillion yuan.

China's power generation in October increased 17 percent from a year earlier, the fifth rise in a row, and the fastest growth in 19 months.

Retail sales in October rose 16 percent, year-on-year, 0.7 percentage point higher than in the previous month.

Spokesman for the National Bureau of Statistics said on Wednesday that the retail sales growth last month had played a part in country's economic recovery. 

Sheng Laiyun, Spokesman of National Bureau of Statistics said "Chinese are consuming more as their incomes rise. The consumption environment is also improving, and consumer confidence is up. "

The spokesman said the country's policies to stimulate domestic demand have encouraged consumption. Sheng Laiyun said the boom in consumption and investment are of great significance for the whole economy.