China's industrial value-added output expanded 6.2 percent year on year in October, compared with 6.6-percent growth in September, the National Bureau of Statistics (NBS) said Tuesday.
On a month-on-month basis, industrial output edged up 0.5 percent from September, according to the NBS.
In the January-October period, combined industrial output grew 6.7 percent year on year, flat with the first nine months of the year.
"The industrial output maintained overall stability, and corporate profitability continued to improve," NBS spokesperson Liu Aihua told a press conference.
Though moderating from September, October's industrial output growth was 0.1 percentage point higher than that of the same period last year, she said.
For the January-October period, output growth picked up 0.7 percentage points from the same period last year, she told reporters.
In the first nine months of the year, industrial firms above the designated size posted a 22.8-percent year-on-year increase in combined profits, up 14.4 percentage points from a year earlier, according to Liu.
Industrial output is used to measure the activity of designated large enterprises with annual turnover of at least 20 million yuan (around 3 million U.S. dollars).
In October, manufacturing output increased 6.7 percent year on year, while output from suppliers of power, heating, fuel gas and water gained 9.2 percent. The mining sector, however, fell 1.3 percent.
China's property investment up 7.8 pct in first ten months
Both investment and sales in China's property sector slowed in the first 10 months as the market remained cool amid government policies to curb speculation.
Real estate investment rose 7.8 percent year on year in January-October from the same period last year, down from 8.1 percent in the first three quarters, according to the National Bureau of Statistics (NBS).
Investment for residential properties, which accounts for 68.3 percent of total investment in the sector, rose 9.9 percent year on year.
Property sales in terms of floor area climbed 8.2 percent, retreating 2.1 percentage points from the January-September level, NBS data showed.
By the end of October, 602.58 million square meters of property remained unsold, down by 8.82 million square meters from a month earlier.
Chinese authorities have been stepping up efforts to rein in property speculation this year after rocketing housing prices fueled asset bubble concerns, particularly in major cities.
Dozens of local governments have passed or expanded restrictions on house purchases and increased the minimum down payments required for mortgages.
The property market was also cooled by relatively tightened liquidity conditions as the government moved to contain leverage and risk in the financial system.
In September, new residential housing price saw slower growth in 15 major cities compared with the same month last year, according to the NBS. Meanwhile, of 70 cities surveyed, home prices in 44 cities rose month on month, compared with 46 in August.
China fixed-asset investment up 7.3 pct in first ten months
China's fixed-asset investment grew 7.3 percent year on year in the first ten months of this year, down from 7.5 percent for the January-September period, the National Bureau of Statistics said Tuesday.
China's retail sales up 10 pct in October
China's retail sales of consumer goods grew 10 percent year on year in October, down from 10.3 percent registered in September, official data showed Tuesday.Total sales in the first 10 months rose 10.3 percent to 29.74 trillion yuan (4.48 trillion U.S. dollars), the National Bureau of Statistics said on its website.
The pace was slightly slower than an increase of 10.4 percent for the first three quarters.
The steady growth was partly due to booming online sales, which surged 34 percent year on year in the first 10 months.
In the same period, retail sales in rural areas rose 12 percent, outpacing the 10-percent expansion for urban areas.
Booming retail sales are behind China's stabilizing economy, which grew 6.9 percent in the first three quarters.
China is trying to shift its economy toward a growth model driven more by consumer spending, innovation and services while weaning it off overreliance on exports and investment.
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