A pick up in China’s factory output and retail sales growth to eight-month highs suggested continuing growth in the world’s second-biggest economy and it’s consumer market this year. Both figures came in slightly ahead of most forecasts and were the highest since March. These increases were partly fueled by looser global monetary policy and a burst of government spending on infrastructure.

Government figures on Sunday said industrial output rose 10.1% in November from a year earlier. Industrial exports growth leapt to a 10-month peak, a breakdown showed.

Like factory output, retail sales surprised by rising more than expected. The 14.9% gain was above forecasts for a 14.6% increase proving Chinese consumers are still spending.

“We expect such (an economic) recovery to be durable and will at least extend into the first half of next year, though the pace of recovery will remain mild,” said Sun Junwei, an economist at HSBC in Beijing.

China’s economy is expected to grow in 2012 by 7.5% – in line with a government target – before picking up to expand 8.5% in 2013, the Organisation for Economic Co-operation and Development said in a November 2012 report.

The Bull on the Bund in Shanghai's financial district shows few signs of slowing down.

The Bull on the Bund in Shanghai’s financial district shows few signs of letting up in terms of economic growth.

For more about how the Chinese government plans to maintain this growth into 2013 see: Xinhua News- China targets quality, efficient growth in 2013.