Industrial production, a gauge of activity in China’s manufacturing, mining and utilities sectors, rose by 5 per cent in October, year on year. Photo: AFP
Industrial production, a gauge of activity in China’s manufacturing, mining and utilities sectors, rose by 5 per cent in October, year on year. Photo: AFP

China’s economy suffers ‘further loss of momentum’ as retail sales fall, ‘gloomy’ outlook amid zero-Covid

  • Industrial production rose by 5 per cent in October from a year earlier, but retail sales fell by 0.5 per cent last month
  • Fixed-asset investment rose by 5.8 per cent in the January-October period, while the surveyed jobless rate stood at 5.5 per cent last month

Industrial production, a gauge of activity in China’s manufacturing, mining and utilities sectors, rose by 5 per cent in October, year on year. Photo: AFP
Industrial production, a gauge of activity in China’s manufacturing, mining and utilities sectors, rose by 5 per cent in October, year on year. Photo: AFP
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