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03.12 - 15:03
China Posts Robust Growth in Factory Output and Consumer Spending
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BEIJING—Chinese factory activity and consumer spending were surprisingly robust in October, official monthly figures showed Monday, though fresh signs of weakness in the property sector underscored concerns for the outlook of the world’s second-largest economy.
Industrial production rose 3.5% from a year earlier in October, China’s National Bureau of Statistics said, accelerating from September’s 3.1% pace and beating the 2.8% median forecast by economists polled by The Wall Street Journal.
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