Guangzhou (JLC), December 15, 2025--China's economic performance maintained a steady growth momentum in November 2025 amid the implementation of proactive macroeconomic policies, according to the data from the National Bureau of Statistics (NBS).
China's value-added industrial output - a gauge of activity in the manufacturing, mining and utilities sectors - increased by 4.8% year on year and by 0.44% month on month in November. In the first 11 months, the industrial output gained 6.0% from a year before, the NBS data released on Monday showed.
In the service sector, the production index grew by 4.2% year on year in the month. In January-November, the index mounted 5.6% from the same period last year.
Concurrently, retail sales of goods, a key measurement of consumer spending, rose 1.3% year on year to 4.39 trillion yuan. On a month-on-month comparison, however, the figure slipped by 0.42%. In the first 11 months, the retail sales of goods climbed 4.0% year on year to 45.61 trillion yuan.
The country's foreign trade, in yuan terms, gained 4.1% year on year to roughly 3.90 trillion yuan in November, the NBS data indicated. In breakdown, exports and imports increased by 5.7% and 1.7%, respectively, to 2.35 trillion yuan and 1.55 trillion yuan.
In January-November, the total value of foreign trade amounted to 41.21 trillion yuan, up 3.6% from the same months last year. Among them, exports swelled by 6.2% to 24.46 trillion yuan, while imports inched up 0.2% to 16.75 trillion yuan.
On the contrary, fixed-asset investment - a gauge of expenditures on sectors including infrastructure, property, machinery and equipment - dropped 2.6% year on year to 44.40 trillion yuan in the same months. The investment decreased by 1.03% month on month in November.
As for the surveyed urban unemployment rate, it averaged out at 5.2% in the first 11 months, versus 5.1% in the corresponding period last year. Compared with the previous month, the rate in November held steady at 5.1%.
In November, inflation increased slightly, with the consumer price index ticking up by 0.7% year on year, the NBS data also showed. In contrast, the producer price index declined by 2.2% year on year.
