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Workers check the production process at a Seres Group's super factory in Southwest China's Chongqing city on May 20, 2024. Photo: Chen Tao/GT

China's economy continued to recover steadily in November thanks to the synergy created by existing supportive policies and the incremental roll-out of new stimulus, with manufacturing and service sectors witnessing accelerated growth, together with an improvement in public expectations, the National Bureau of Statistics (NBS) said on Monday. 

In November, the total value added of the industrial enterprises above the designated size grew by 5.4 percent year-on-year, 0.1 percentage points faster than a month earlier, or up by 0.46 percent month-on-month.

Last month, the Services Production Index grew by 6.1 percent year-on-year. Specifically, the index's information transmission, software and information technology services, leasing and business services and financial intermediation rose by 9.3 percent, 9.3 percent and 8.8 percent year-on-year, respectively, according to the NBS.

The total retail sales of consumer goods reached 4.38 trillion yuan ($601 billion) in November, up by 3.0 percent year-on-year, or up by 0.16 percent month-on-month, the latest data revealed.

Between January and November, the country's gross fixed assets investment reached 46.58 trillion yuan, up 3.3 percent year-on-year. If excluding real estate sector investment, total investment in fixed assets in the first 11 months was up by 7.4 percent, the NBS said.

In the first eleven months, the urban surveyed unemployment rate averaged at 5.1 percent, 0.1 percentage points lower than the same period last year. In November, urban surveyed unemployment stood at 5.0 percent, unchanged from October.