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Last updated at 10:32 GMT, Monday, 14 December 2009

China's economy is growing

Summary

11 December 2009

China's latest economic data suggests the country's recovery is gaining momentum. Industrial output, retail sales and investment have all recently exceeded expectations.

Reporter:
Chris Hogg

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Report

China's economy has recovered earlier and more strongly than any other. This latest data is further evidence of that trend. The rise in industrial output confirms what factory owners have been saying for some time now, that customers have been restocking their inventories and confidence is returning.

There are still question marks though over the stability of the recovery. The property sector is showing signs of overheating. The government this week announced measures to try to cool it. At the same time officials decided to extend tax subsidies for purchases of small vehicles and appliances suggesting that some here still believe Chinese manufacturers need government support.

Growth was strongest in heavy industries such as coal, steel, power generation and automobiles. Consumer prices rose in November for the first time since February. But the rise was small and probably reflected higher food prices caused by early snowstorms which destroyed crops and disrupted transport.

Chris Hogg, BBC News, Beijing

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Vocabulary

latest data

the most recently gathered information (facts or numbers)

trend

a general development or change in a situation

rise in industrial output

increase in amount of goods produced

restocking their inventories

re-supplying stock

There are still question marks

there are matters that need to be dealt with or considered

property sector

the buying and selling of buildings

overheating

growing too quickly

cool it

slow things down

appliances

appliances, machines or pieces of equipment (especially electrical) that are used in the house, such as a cookers or washing machines

disrupted transport

prevented buses, trains and travel systems from functioning as expected

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