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The National Bureau of Statistics of China said on Thursday that industrial production increased 18% year-on-year in the fourth quarter, faster than the 12.4% rise in the previous quarter and the 9.1% growth in the second quarter.
In December alone, industrial production grew 18.5% annually against expectations for a 19.6% gain. In full-year 2009, industrial output surged 11% compared to a year ago.
The statistical bureau also announced that retail sales were up 17.5% annually in December, coming in above expectations for a 16.3% gain. In calendar year 2009, retail sales climbed 15.5% from a year ago.
Meanwhile, urban investments in fixed assets for full-year 2009 increased 30.1% compared to 2008, below expectations for 31.5% growth.
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