China’s economic recovery stabilises as retail sales, industrial production growth beat expectations

Source: China – South China Morning PostRetail sales growth in China bounced back strongly in October, data released on Monday showed, while industrial production also beat expectations.Retail sales, a key measurement of consumer spending in the world’s most populous nation, grew by 4.9 per cent in October compared with a year earlier, up from the 4.4 per cent increase in September, and above the projection for a rise of 3.8 per cent estimated in Bloomberg survey of analysts.Industrial production, a gauge of activity in the…Read More

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