Nov. fiscal revenue grows 16.1%
THE country s fiscal revenue rose 16.1 percent year on year to 584.07 billion yuan (US$87.7 billion) in November, the Ministry of Finance announced Friday.
Power output gains at slowest in 16 months
CHINA S electricity output grew at the slowest pace in 16 months in November as the government made last-minute efforts to meet energy saving targets slated to be completed this year.
Electricity generation rose 5.6 percent to 345.3 billion kilowatt-hours last month from a year earlier, the National Bureau of Statistics said yesterday. That s the slowest pace since July 2009.
Local governments have been limiting electricity supplies to factories and plants to meet a mandatory energy efficiency target set by Premier Wen Jiabao. Power generation fell for a second month in October from the record in August. Industrial output rose 13.3 percent in November from a year earlier, the bureau said yesterday.
Property prices rise at slowest pace
THE country s property prices rose at the slowest pace in a year in November after the government raised the reserve-ratio requirement for banks twice and expanded measures to limit the risk of asset bubbles.
Home prices in 70 cities climbed 7.7 percent from a year earlier and increased 0.3 percent from October, the statistics bureau said on its Web site Friday. The year-on-year advance was slower than the 8.6 percent gain in October and the 8 percent median estimate in a Bloomberg survey of seven economists. Sales volume increased 14.5 percent from a year earlier and transaction values surged 18.6 percent.
