China's industrial output growth accelerates in October

 China's industrial output growth accelerates in October

BEIJING, Nov. 9 (Xinhua) -- Industrial production growth continued to accelerate in October, presenting evidence that China's economy is picking up steam after seeing its lowest growth rate in more than three years.

China's value-added industrial output rose 9.6 percent year on year in October, picking up from 9.2 percent in September and 8.9 percent in August, the National Bureau of Statistics (NBS) announced Friday.

The increase also beat analysts¹' forecast of 9.4 percent for October.

The value-added industrial output expanded 10 percent from one year earlier during the January-October period, the NBS said. The pace of increase was unchanged from that of the first nine months.

Despite signs of a mild improvement in industrial production, the annual growth of value-added industrial output in the first 10 months was still below the government's target of 11 percent for 2012.

Fixed-asset investment climbed 20.7 percent in the first ten months compared with the same period of 2011, quickening from the 20.5-percent expansion logged during the January-September period.

Retail² sales rose 14.5 percent last month from one year ago, slightly higher than September's 14.2-percent increase, the NBS said.

The consumer price index, a main gauge³ of inflation, grew 1.7 percent year on year in October, down from September's 1.9-percent rise.

Zhao Qingming, an economist⁴ at Beijing-based University of International Business and Economics, said the reading of October data indicates that China's economy has bottomed out, but the recovery will be moderate amid increasing uncertainties⁵ both at home and abroad.

The key Shanghai stock index inched down 0.12 percent to 2,069.07 on Friday. The index has dropped over 16 percent from this year's peak over concerns about a slowdown in the national economy.

The country's overall economic growth slowed to an annual rate of 7.4 percent in the third quarter of the year, the slowest quarterly growth in more than three years.

1 analysts   

分析家，化验员( analyst的名词复数 )

参考例句：

• City analysts forecast huge profits this year. 伦敦金融分析家预测今年的利润非常丰厚。
• I was impressed by the high calibre of the researchers and analysts. 研究人员和分析人员的高素质给我留下了深刻印象。

2 retail   

v./n.零售；adv.以零售价格

参考例句：

• In this shop they retail tobacco and sweets.这家铺子零售香烟和糖果。
• These shoes retail at 10 yuan a pair.这些鞋子零卖10元一双。

3 gauge   

v.精确计量；估计；n.标准度量；计量器

参考例句：

• Can you gauge what her reaction is likely to be?你能揣测她的反应可能是什么吗？
• It's difficult to gauge one's character.要判断一个人的品格是很困难的。

4 economist   

n.经济学家，经济专家，节俭的人

参考例句：

• He cast a professional economist's eyes on the problem.他以经济学行家的眼光审视这个问题。
• He's an economist who thinks he knows all the answers.他是个经济学家，自以为什么都懂。

5 uncertainties   

无把握( uncertainty的名词复数 )； 不确定； 变化不定； 无把握、不确定的事物

参考例句：

• One of the uncertainties of military duty is that you never know when you might suddenly get posted away. 任军职不稳定的因素之一是你永远不知道什么时候会突然被派往它处。
• Uncertainties affecting peace and development are on the rise. 影响和平与发展的不确定因素在增加。 来自汉英非文学 - 十六大报告