China demand helps lift factory output 17%

Domestic demand was credited for lifting Chinese factory output 17% in November to US$81.6 billion despite a drop in export growth, reported Dow Jones. "Robust industrial-production growth is in line with our view that China's growth momentum remains solid and will likely stay so in the near future," said Goldman Sachs. Offshore sales should remain solid, other analysts said, while rising domestic demand will continue to compensate for any shortfall in export growth.