Industrial output and retail sales rose in China last month, but the increase from a low base failed to dispel doubts about prospects for growth in the world’s second-biggest economy.
Industrial production rose 6.6 per cent year on year, ahead of analysts’ expectations, data showed on Friday. Retail sales rose 10.1 per cent, lower than anticipated. Fixed-asset investment grew 2.9 per cent in the first 11 months of the year.
November’s economic data benefited from weak figures a year earlier, when the country was in the final stages of its three-year zero-Covid policy.
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