China's impressive recovery in economic activity in November has put the world's second largest economy "on stronger footing," The Wall Street Journal (WSJ) has reported.
Major economic indicators, including industrial output, investment and consumer spending, all grew at faster paces in the country last month, supporting job growth and driving down unemployment rates, the WSJ said in an article.
China's industrial output rose 7 percent in November from a year earlier, which is the highest level in more than two years, the WSJ article noted, adding that the growth accelerated from a rise of 6.9 percent registered in October.
The International Monetary Fund, the Organization for Economic Cooperation and Development and other international organizations have previously released reports stating that the world economy will fall into a contraction this year due to the pandemic, and China will be the only major economy to register positive growth. Enditem
