China’s retail sales, industrial production beat expectations in August
- Retail sales grew by 5.4% in August from a year ago, topping a Reuters forecast for 3.5% growth.
- Fixed asset investment for the first eight months of the year also beat expectations, despite a greater drag from real estate.
- On Friday, National Bureau of Statistics spokesperson Fu Linghui told reporters more than once that insufficient domestic demand is a significant problem.
https://www.cnbc.com/2022/09/16/china-economy-august-industrial-output-retail-sales.html
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