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SHANGHAI, China (AP) -- China's industrial output growth slowed in November to register the second straight month of decline in the expansion rate, according to statistics released by the government Thursday. The country's value-added industrial production, which includes companies with annual core revenue of more than 5 million Chinese yuan ($679,000), rose 17.3 percent in November from a year ago, according to a report on the Web site of the National Bureau of Statistics. The slower-than-forecast figure compares with a 17.9 percent increase in October and an 18.9 percent jump in September from their respective months last year. For the 11 months through November, China's industrial output rose 18.5 percent over the same period a year ago, the Bureau of Statistics said. The cumulative growth rate for the year has been unchanged for the past three months. For November, output in nonferrous metals registered the fastest growth at 23.5 percent, the report said. Automobile output registered growth of 21.7 percent. Production growth for export continued to slow, climbing 19.5 percent from a year earlier, compared with growth of 22.3 percent in October and 22.8 percent in September. China's policymakers have vowed to cool economic growth and combat inflation. Last weekend, the central bank raised the reserve requirement for banks for the 10th time this year, and many expect it to follow with an interest rate increase. Despite the slowdown in industrial output growth, most data for November has shown few signs such measures have taken hold. China's inflation benchmark surged 6.9 percent in November compared with the same month last year, the biggest jump since 1996. Officials blamed food and fuel price increases.
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