BEIJING, Nov. 16 (Xinhua) -- The following are the highlights of China's business news from the past week:
ODI
China's non-financial outbound direct investment (ODI) posted steady growth in the first 10 months of the year, official data showed.
Non-financial ODI in 164 countries and regions amounted to 621.78 billion yuan (90.46 billion U.S. dollars) in the period, up 5.9 percent year on year, according to the Ministry of Commerce.
The pace accelerated from the 3.8-percent growth registered in the first three quarters.
PROPERTY AND FIXED-ASSET INVESTMENT
China's investment in property development grew 10.3 percent year on year in the first 10 months of 2019, down from 10.5 percent for the first nine months, said the National Bureau of Statistics (NBS).
The total property investment during the January-October period stood at 10.96 trillion yuan, the NBS said.
The country's fixed-asset investment grew 5.2 percent year on year in the first 10 months to 51.09 trillion yuan, according to the NBS.
INDUSTRIAL OUTPUT
China's value-added industrial output, an important economic indicator, expanded 5.6 percent year on year in the first 10 months, said the NBS.
The growth rate was flat with that in the first three quarters, according to the NBS.
In October alone, industrial output climbed 4.7 percent, down from 5.8 percent registered in September.
CPI
China's consumer price index (CPI), a main gauge of inflation, rose 3.8 percent year on year in October, according to the NBS.
The growth rate, which was up from 3 percent in September, represented an annual high.
Food prices grew 15.5 percent year on year last month, up from 11.2 percent in September, while non-food prices gained 0.9 percent, 0.1 percentage points lower than in September. Enditem
