Economic data confirms strong rebound

The Consumer Price Index has finally reversed months of negative growth, turning the corner for the month of November. And it's been matched by strong expansions in other key indices like industrial output and retail sales.

November saw a continued acceleration in Chinese economic rebound.

The Consumer Price Index, a main gauge of inflation, snapped its nine-months of negative growth in November to increase 0.6 percent year on year.

Analysts attributed the turnaround to the extremely cold weather, as well as rising commodity prices. But the government expects the index to remain in check in 2010, due to massive overcapacity in the manufacturing sector and harvest for six years in a row.

However, the producer price index extended its decline in November, falling 2.1 percent from a year earlier. But it slowed from the 5.8 percent drop in October.

The industrial output also maintained a steady growth, up 19.2 percent. That's compared with the expansion of 16 percent in October.

Urban fixed-asset investment climbed 32.1 percent, while retail sales also rose 15.8 percent, year-on-year.

China's economy has recovered in recent months. Its GDP rose 8.9 percent from a year earlier in the third quarter, while it grew 7.9 percent in the second quarter and 6.1 percent in the first quarter.

Despite the recovery outpacing that of any other major economy, the Chinese government has pledged to maintain a loose monetary policy and spending to stimulate the economy.

Only on CCTV:

Expert comments on Nov. economic data

Joining us on the line is Doctor Tang Min, deputy secretary-general with the China Development Research Foundation. Full story >>

China's November CPI rises 0.6%, ending nine months of fall

BEIJING, Dec. 11 (Xinhua) -- China's consumer price index (CPI), a main gauge of inflation, rose 0.6 percent year on year in November, the National Bureau of Statistics said Friday. Full story >>

Expert: No need to worry about prices rise

On the ground for the average person, everyday items are beginning to cost more at local supermarkets. Some people are concerned about impending inflation. But experts say they should not worry. Full story >>

China's economic figures in November >>