Briefly

Automakers' output and revenue expand

China's automobile manufacturing sector saw robust growth in terms of production and revenue during the first 11 months of 2023, industry data showed. Total industrial value-added of this sector rose 12.3 percent year-on-year during this period, 7.6 percentage points higher than that of the overall manufacturing industry, according to the China Association of Automobile Manufacturers. The combined operating revenue of the industry went up 11.2 percent year-on-year to 9.07 trillion yuan ($1.28 trillion), said the association.

Prices of capital goods fall in mid-Jan

Prices of the capital goods monitored by the Chinese government were lower in mid-January compared with early January, official data showed Wednesday. Of the 50 major goods classified under nine categories, including seamless steel tubes, gasoline, coal, fertilizer and some chemicals, seven reported higher prices in the period, 39 saw price declines, while four remained unchanged, according to the National Bureau of Statistics. During the period, hog prices fell 1.4 percent.

Xinhua