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China Industrial Output, Retail Sales Growth Tops Expectations

By Renju Jaya   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

China's industrial output grew more than expected in August as companies ramped up production following the relaxation of pandemic-related restrictions and the pent-up demand boosted retail sales, official data showed Friday.

Industrial production growth accelerated to 4.2 percent from 3.8 percent in July, the National Bureau of Statistics said. Output was forecast to climb again by 3.8 percent.

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