Fu Linghui (R), spokesperson and chief economist of the National Bureau of Statistics (NBS) and director general of the Department of Comprehensive Statistics of the NBS, attends a press conference held by the State Council Information Office (SCIO) on China's economic performance in November 2025, in Beijing, capital of China, Dec. 15, 2025. (Xinhua/Chen Yehua)
BEIJING, Dec. 15 (Xinhua) -- China's economy has maintained steady momentum in November, creating favorable conditions to achieve the annual growth target, as revealed by the latest economic indicators on Monday.
Key economic indicators -- industrial production, retail sales and services -- extended gains last month, while employment continued its stable trend, according to the National Bureau of Statistics (NBS).
Facing a complicated situation due to a changing external environment coupled with internal risks and challenges, China's economy has sustained steady progress supported by strong resilience, supportive macro policies and the expansion of new growth drivers, NBS spokesperson Fu Linghui told a press conference.
In November, the country's value-added industrial output expanded 4.8 percent year on year. In the first 11 months, the industrial output increased by 6 percent.
The retail sales of consumer goods, a major indicator of the consumption strength, rose by 4 percent year on year in the first 11 months, totaling 45.61 trillion yuan (about 6.45 trillion U.S. dollars). In November alone, retail sales of consumer goods went up 1.3 percent.
The services sector also recorded steady expansion last month, with the services production index climbing 4.2 percent year on year, the data showed.
On the job front, China's job market has remained generally stable, with the surveyed urban unemployment rate at 5.1 percent in November. For the first 11 months, the indicator was 5.2 percent on average.
Speaking at the press conference, Fu highlighted the notable growth of new quality productive forces, which have injected fresh vitality into economic development.
During the January-November period, the value-added output of the high-tech manufacturing sector increased by 9.2 percent year on year, while that of digital products manufacturing went up 9.3 percent.
Notably, the production of industrial robots and integrated circuits surged by 29.2 percent and 10.6 percent year on year, respectively, in the first 11 months, according to Fu.
China has targeted a full-year economic growth of around 5 percent this year. In the first three quarters, the economy grew by 5.2 percent.
The sound momentum of China's economy is attributable to the precise implementation of more proactive and impactful macro policies, Fu said, adding that recent policy measures on boosting consumption, investment and the large-scale application of new scenarios will further strengthen the growth momentum.
The spokesperson also noted that international organizations have recently raised their forecasts for China's growth, reflecting the international community's confidence in the country's economy.
Looking ahead to the next year, Fu said China's economic foundation will remain solid, with numerous advantages, strong resilience and vast potential.
The recent Central Economic Work Conference has set policy priorities and key tasks for economic work next year, Fu said, adding that China will continue to expand domestic demand, optimize supply and focus on securing the steady development of employment, enterprises, markets and expectations.
These efforts are expected to lay a solid foundation for a good start to the 15th Five-Year Plan period (2026-2030), Fu said. ■
Fu Linghui (R), spokesperson and chief economist of the National Bureau of Statistics (NBS) and director general of the Department of Comprehensive Statistics of the NBS, attends a press conference held by the State Council Information Office (SCIO) on China's economic performance in November 2025, in Beijing, capital of China, Dec. 15, 2025. (Xinhua/Chen Yehua)
An aerial drone photo taken on Dec. 14, 2025 shows the production base of an ocean shipping heavy industry company in Jiangdu high-tech industrial development zone in east China's Jiangsu Province. (Photo by Ren Fei/Xinhua)
Workers are seen at a workshop of a heavy industrial equipment company in Jiangdu high-tech industrial development zone in east China's Jiangsu Province, Dec. 15, 2025. (Photo by Ren Fei/Xinhua)
Workers assemble a tunnel boring machine at a manufacturing base of China Railway Science & Industry Group in Wuhan, central China's Hubei Province, Dec. 15, 2025. (Photo by Zhao Jun/Xinhua)
A worker makes moulds at a workshop of a mould company in Xingren Town of Nantong, east China's Jiangsu Province, Dec. 15, 2025. (Photo by Zhai Huiyong/Xinhua)
An employee conducts welding work at a wind power equipment manufacturing company in Qingzhou, east China's Shandong Province, Dec. 15, 2025. (Photo by Wang Jilin/Xinhua)
A worker makes guitar at a guitar company in Mengzhuang Town of Zaozhuang, east China's Shandong Province, Dec. 15, 2025. (Photo by Sun Zhongzhe/Xinhua)
An aerial drone photo taken on Dec. 15, 2025 shows Chinese-made vehicles waiting for export in Yantai Port of Yantai, east China's Shandong Province. (Photo by Tang Ke/Xinhua)
An aerial drone photo taken on Dec. 15, 2025 shows a container dock at Tangshan Port in Tangshan, north China's Hebei Province. (Photo by Liu Mancang/Xinhua)
An aerial drone photo taken on Dec. 15, 2025 shows vessels under construction at a shipbuilding company in Taizhou, east China's Jiangsu Province. (Photo by Zhou Shegen/Xinhua)
Workers are seen on a pet food production line of a pet food industrial park in Linyi, east China's Shandong Province, Dec. 15, 2025. (Photo by Wang Yanbing/Xinhua)
A drone photo taken on Dec. 15, 2025 shows a worker cleaning wind turbine hubs at a wind power equipment industrial park in Binzhou, east China's Shandong Province. (Photo by Wang Jun/Xinhua)
A worker is seen at the smart workshop of a textile company in Taizhou, east China's Jiangsu Province, Dec. 15, 2025. (Photo by Gu Jihong/Xinhua)
An aerial drone photo taken on Dec. 15, 2025 shows a cargo ship loading and unloading containers at Qingdao Port in Qingdao, east China's Shandong Province. (Photo by Yu Fangping/Xinhua)
An aerial drone photo taken on Dec. 14, 2025 shows the production base of an ocean shipping heavy industry company in Jiangdu high-tech industrial development zone in east China's Jiangsu Province. (Photo by Ren Fei/Xinhua)
An aerial drone photo taken on Dec. 15, 2025 shows vessels loading and unloading containers at a container dock of Tangshan Port in Tangshan, north China's Hebei Province. (Photo by Liu Mancang/Xinhua)
A worker makes embroidered clothing at a company in Qingdao, east China's Shandong Province, Dec. 15, 2025. (Photo by Liang Xiaopeng/Xinhua)
Workers assemble a new energy sanitation vehicle at a company in Shijiazhuang, north China's Hebei Province, Dec. 15, 2025. (Photo by Liang Zidong/Xinhua)
An aerial drone photo taken on Dec. 14, 2025 Chinese-made vehicles waiting for export at a container dock of Nanjing Port in Nanjing, east China's Jiangsu Province. (Photo by Yang Suping/Xinhua)
An aerial drone photo taken on Dec. 15, 2025 shows staff members examining intelligent aerial work platforms for export at a machinery company in Leidian Town, Huzhou, east China's Zhejiang Province. (Photo by Xie Shangguo/Xinhua)
An aerial drone photo taken on Dec. 15, 2025 shows a container vessel sailing into Yantai Port in Yantai, east China's Shandong Province. (Photo by Sun Wentan/Xinhua)
