Its good time for China as this time both the output as well as the retail sales managed to exceed the level which was set as per forecast. On the other hand there is a sudden reduction in the inflation on a much unexpected basis and reached the slowest pace ever in last 33 months. This is surely a good signal which indicates that the government of China is successful in boosting the growth of the country without making any rebound in prices.
As per as industrial production is concerned it rose to about 9.6 percent in the month of October in comparison to the last year which is confirmed by the National Bureau of Statistics at Beijing. The retail sales reached 14.5 percent from the 14.2 percent of the month of September this year. An increase in the price index noticed too, which increased by about 1.7 percent from last record.
