China's Economy Steadies with Surging Retail Sales Amid Real Estate Challenges
TL;DR Summary
China's economy shows signs of stabilization as retail sales in October grew by 4.8%, the strongest in eight months, surpassing expectations and indicating the positive impact of recent stimulus measures. However, industrial output rose by 5.3%, which was below forecasts.
- China Economy Stabilizes as Consumption Rises More Than Expected Bloomberg
- China retail sales beat forecasts in October while real estate slump worsens CNBC
- China's Oct data shows soft economic underbelly, backs calls for more stimulus Reuters
- China’s economic growth target in reach as stimulus buoys consumption South China Morning Post
- China retail sales grow at fastest pace since February Nikkei Asia
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