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Chinese economy showing good signs, airport traffic improving

The Chinese economy is showing healthy signs, with the latest slew of data for Nov-2009 confirming the fastest pace of industrial production lifted in 29 month high, as well as solid retail spending (+15.8%). Inflation has returned for the first time in ten months, with consumer prices rising 0.6% in Nov-2009.

Imports have also returned to the levels seen before the global financial crisis, although exports still have some way to go, rising just 1.2% year-on-year in Nov-2009.

Chinese airports are benefiting from the strong economic activity with the CAAC East China Regional Administration reporting the following traffic highlights in Nov-09 for its member airports:

  • Passenger numbers: 12.6 million, +20.7% year-on-year;

Shares in most Chinese airports eased on Friday, with Shanghai falling 1% and Guangzhou 1.5%. Shenzhen Airport managed a 0.4% gain.

Selected airports daily share price movements (% change): 11-Dec-09