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

Retail 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…


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