China's economic performance showed steady progress in November, according to official data released on Monday.

Data released by the National Bureau of Statistics (NBS) reveals industrial production continued to show stable growth in November. The added value of industrial enterprises above the designated size increased by 4.8 percent year-on-year, with a month-on-month rise of 0.44 percent. Notably, the equipment manufacturing sector grew by 7.7 percent, while high-tech manufacturing rose by 8.4 percent. These sectors outpaced overall industrial growth by 2.9 and 3.6 percentage points, respectively, signaling a shift towards more advanced production.

The service sector also performed well, with the service industry production index increasing by 4.2 percent year-on-year, reflecting the ongoing recovery and growth in modern services, an important part of China's economic transition.

Retail sales saw a moderate increase, with the total retail sales of consumer goods reaching 4.39 trillion yuan ($622.3 billion), up 1.3 percent compared to November of the previous year. This marks a continued expansion of market consumption, particularly in the service and retail sectors.

On the other hand, fixed asset investment declined by 2.6 percent year-on-year in the first 11 months of 2025. However, investment in manufacturing remained strong, highlighting a shift towards more productive and technology-driven industries.

Inflation increased slightly in November, with the Consumer Price Index (CPI) rising by 0.7 percent year-on-year. This marks a 0.5 percentage point rise from October. The Producer Price Index (PPI) climbed marginally higher on a month-to-month basis, indicating rising costs in some industrial sectors.

Fu Linghui, NBS spokesperson and chief economist, emphasized at a press conference that the macroeconomic policies have shown positive results, with a focus on strengthening domestic demand, expanding the domestic market, and maintaining price and employment stability. Although the external environment remains challenging, China's economy continues to show resilience, driven by steady industrial growth, expanding retail markets, and stable employment.

Looking ahead, China will continue to focus on improving quality and efficiency, expanding domestic demand, and ensuring sustainable and healthy economic development in the coming months, Fu added.