China's October Economic Activity Shows Signs of Improvement

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Economy News

China,October,Economic Activity

China's industrial output and retail sales growth in October exceeded expectations, indicating a positive trend in the economy despite ongoing challenges.

China's October economic activity perked up as industrial output grew at a faster pace and retail sales growth beat expectations, an encouraging sign for an economy still showing significant pockets of weakness despite a flurry of support measures.

The world's second-biggest economy has struggled to mount a strong post-COVID recovery as a deepening property crisis, local government debt risks, slow global growth and geopolitical tensions have dented momentum.

 

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