The following is taken from the release by China's National Statistical Bureau.

1.      The industrial production continued to speed up.    

In October, the total value added of large enterprises was up 16.1 percent year-on-year, or 2.2 percentage point higher than that in September 2009; it was the sixth consecutive month which witnessed a acceleration of year-on-year growth. In the first ten months of this year, it was up 9.4 percent year-on-year.

Grouped by different sectors, in October all the 39 industrial divisions enjoyed year-on-year growth. Of this total, the growth of textile industry was 11.1 percent; the manufacture of raw chemical materials and chemical products, up by 25.4 percent; the manufacture of non-metallic mineral products, up by 18.4 percent; the manufacture of general machinery, 15.5 percent; the manufacture of transport equipment, 28.9 percent; the manufacture of electric machinery and equipment, 12.7 percent; the manufacture of communication equipment, computers and other electronic equipment, 7.2 percent; the production and supply of electricity, gas and water, up 9.7 percent; and the ferrous metal smelting and pressing, up by 25.1 percent.

The sales ratio of industrial products in October was 98.02 percent, or 0.29 percentage points lower than that in the previous month. The total export delivery value of industrial enterprises was 665.9 billion yuan, down by 7.3 percent year-on-year.

2. Urban investment in fixed assets continued grow fastly.

In the first ten months of this year, the urban investment in fixed assets reached 15,071.0 billion yuan, up by 33.1 percent year-on-year.

By jurisdiction, in the first ten months of this year, the central investment reached 1,350.2 billion yuan, the year-on-year growth was 18.8 percent while the local investment was 13,720.8 billion yuan, up by 34.8 percent.  

In the first ten months of this year, the investment in primary industry, secondary industry and the tertiary industry went up by 54.1 percent, 26.8 percent and 37.8 percent respectively.  

Analysis on projects under construction or started this year showed that in the first ten months of this year, projects under construction numbered 402,204, an increase of 95,435 over the same period of last year; the total planned investment in projects under construction reached 37,585.9 billion yuan, up by 36.6 percent year-on-year; projects newly started this year totaled 293,412, a rise of 85,329; the total planned investment was 12,461.0 billion yuan, up by 81.1 percent over the same period of last year.

In terms of funds in place for investment, in the first ten months of this year, 17,137.9 billion yuan had been invested, a year-on-year growth of 39.9 percent. Of this total, the growth of government budgetary funds went up by 76.3 percent; investment from domestic loans went up 49.2 percent; that from self-raising funds went up by 32.9 percent and that from foreign investment down by 12.9 percent,

3. Retail sales of consumer goods continued to increase steadily.  

In October, the total retail sales of consumer goods reached 1,171.8 billion yuan, a year-on-year rise of 16.2 percent, or 0.7 percentage point higher than that in the previous month of this year. In the first ten months of this year, the total retail sales of consumer goods were 10,139.4 billion yuan, a year-on-year growth of 15.3 percent. 

Analyzed by different areas, the retail sales in cities reached 796.8 billion yuan in October, up by 16.6 percent, and the retail sales at and below county level stood at 375.0 billion yuan, up by 15.4 percent.

4. The decrement rate of consumer prices (year-on-year change) continued to reduce.

In October, the consumer price index (CPI) went down by 0.5 percent year-on-year (it was 4.0 percent growth in October 2008). The CPI dropped by 0.7 percent in cities and 0.1 percent in rural areas year-on-year. The food price went up by 1.6 percent while the non-food price dropped by 1.6 percent. The prices of consumer goods went down by 0.3 percent, and the prices of services down by 1.2 percent. In the first ten months, the year-on-year change of consumer price was down by 1.1 percent (it was 6.7 percent growth the same period a year ago), or maintained the same level over that in the first nine months of this year.  

In October this year, month-on-month change of consumer price was down by 0.1 percent. The food price dropped by 0.8 percent while the non-food price up by 0.3 percent. The price of consumer goods declined by 0.2 percent, and the price of services up by 0.3 percent.

5. The decrement of producers’ prices for manufactured goods (year-on-year change) further narrowed down.

In October, the producers’ prices for manufactured goods went down by 5.8 percent year-on-year (it was 6.6 percent growth in October 2008), or the decrement rate was 1.2 percentage points less that in the previous month. In the first tent months of this year, the year-on-year change of the producers’ price for manufactured good was down by 6.4 percent (it was up 8.2 percent the same period a year ago), which was 0.1 percentage point lower over that in the first nine months of this year.  

In October, the purchaser’s prices for raw materials, fuel and power decreased by 8.4 percent year-on-year (it was up 11.0 percent in October 2008), the decrement was 1.7 percentage points less over that in the previous month. In the first ten months of this year, the purchaser’s prices for raw materials, fuel and power decreased by 9.4 percent year-on-year (it was up 12.2 percent in the same period of last year), or 0.1 percentage point lower than that in the first nine months of this year. In October, the year-on-year change of prices for nonferrous metals, fuel and power, ferrous metals and raw chemical materials and wire went down by 10.1 percent, 12.5 percent, 15.9 percent and 9.6 percent respectively.