China retail sales, industrial data grow faster than expected in October
- China's retail sales in October exceeded expectations, growing by 7.6% compared to the forecasted 7% growth.
- The country's industrial production also surpassed predictions, rising by 4.6% year-on-year in October, higher than the expected 4.4% pace.
- Despite positive economic indicators, the real estate sector continues to struggle, with a 9.3% decline in investment and a worsening drag on the economy.
20 Articles
20 Articles
China retail sales surge in October but economy remains sluggish
Chinese retail sales grew in October at the fastest rate in five months, data showed Wednesday, boosted by an extended holiday at the start of the month, though other indicators pointed to still-sluggish demand in the world's number-two economy. The country slipped back into deflation last month, while exports continued…
China retail sales surge in October but economy remains sluggish
SHANGHAI, China -- Chinese retail sales grew in October at the fastest rate in five months, data showed Wednesday, boosted by an extended holiday at the start of the month, though other indicators pointed to still-sluggish demand in the world's number-two economy.
China factory output, retail sales beat expectations
BEIJING –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
China Factory Output, Retail Sales Beat Expectations in Boost to Economic Recovery
BEIJING (Reuters) – China’s industrial output and retail sales growth beat expectations in October, but the underlying economic picture highlighted significant pockets of weakness with the crisis-hit property sector continuing to forestall a full-blown revival.
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