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Mainland economy shows more evidence of improvement in October
Release time:2016-11-16
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The Mainland’s economy is showing more signs of stabilisation, with growth momentum improving last month, the government-run news agency Xinhua reports.

“China’s economy grew steadily last month,” said Mao Shengyong, a spokesperson for the National Bureau of Statistics of China. “Industrial production, domestic demand, the job market and enterprise profits were all stable.”

Output expanded by 6.1 percent in year-on-year terms last month, marking the eighth consecutive month that output remained above 6 percent. The report says the unemployment rate in large urban areas remained below 5 percent last month.

While growth momentum improved, Mr Mao warned the economic risks still remained given the risks domestically and overseas.