The trade war between the world’s two largest economies seems to inflict greater harm on other countries rather than its direct participants. More recently, the United States has reported an increase in its economic performance, while China has also announced an unexpected rise. In November, its industrial production accelerated to a five-month high. According to official figures, the industrial output in China jumped by 6.2 percent on an annual basis, beating forecasts of a 5.0 percent growth. Other sectors of the economy also showed upbeat figures. According to the National Bureau of Statistics of China, fixed asset investment was up by 5.2 percent in January-November. Meanwhile, private fixed-asset investment accounting for 60 percent of the country's total investment increased by 4.5 percent during the period from January to November. Retail sales spiked by 8 percent in November compared to the previous year.
