Retail sales is key measurement of consumer spending in the world’s most populous nation. Photo: Bloomberg
China’s economic recovery stabilises as retail sales, industrial production growth beat expectations
- Retail sales and industrial production rose by 4.9 per cent and 3.5 per cent, respectively, in October from a year earlier
- Fixed-asset investment grew by 6.1 per cent in the January-October period, while the surveyed jobless rate remained at 4.9 per cent last month
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Retail sales is key measurement of consumer spending in the world’s most populous nation. Photo: Bloomberg