Fresh data from the National Bureau of Statistics (NBS) shows that China's national economy maintained overall stability in the first 10 months despite uncertainties in international environment and downward pressure, according to NBS spokesperson Liu Aihua.

Liu said that the 6.2-percent GDP growth rate in the first three quarters of 2019 indicates relatively high growth among major economies. 

In addition, the recently released indicators for January-October showed that the cumulative growth rate of the major economic sectors is still basically the same as the previous three quarters, indicating that the overall economic situation is on a stable track, said Liu.

Industrial output up 5.6 percent

China's value-added industrial output expanded 5.6 percent year on year in the first 10 months. The growth rate was flat with that in the first three quarters, according to the NBS.

In October alone, China's industrial production growth rose 4.7 percent year on year, down from 5.8 percent registered in September.

The production and supply of electricity, thermal power, gas and water rose 6.6 percent year on year in October, the fastest among the three major sectors.

Retail sales up 8.1 percent 

China's retail sales of consumer goods increased 8.1 percent year on year in the first 10 months, said the NBS. Total retail sales reached 33.48 trillion yuan (about 4.8 trillion U.S. dollars). Excluding sales of automobiles, the growth rate reached 9 percent during this period.

Retail sales in rural areas rose 9 percent, outpacing the 7.9-percent expansion in urban areas.

Also, retail sales gained 7.2 percent year on year in October, compared with the expected 7.9 percent.

Production index of the service sector up 7 percent

Moreover, the production index of the service sector increased 7 percent year on year during the first 10 months, unchanged from the first nine months.

In October, the service production index surged 6.6 percent year on year, 0.1 percentage points lower than that in September.

The index for information transmission, software and information technology services grew 16.9 percent last month.

Fixed asset investment up 5.2 percent

Fixed asset investment grew 5.2 percent in the January-October period. Total investment reached 51.09 trillion yuan (about 7.3 trillion U.S. dollars) in the first 10 months. Private sector fixed asset investment, which accounts for 60 percent of the country's total investment, grew by 4.4 percent January-October to 29.15 trillion yuan.

Investment in high-tech manufacturing and high-tech services went up 14.5 percent and 13.7 percent year on year, respectively.

Meanwhile, China's investment in property development grew 10.3 percent year on year in the first 10 months of 2019, the NBS said.

The investment in residential buildings expanded 14.6 percent year on year to 8.07 trillion yuan in the first 10 months. Commercial housing sales in terms of value rose 7.3 percent to 12.44 trillion yuan in January-October period.