Economics
China Output Growth Tops Estimates as Recovery Sustains Momentum
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China’s industrial output growth unexpectedly accelerated and inflation stayed below a government target, providing a boost to Communist Party leaders meeting in Beijing to chart the economy’s course for coming years.
Production rose 10.3 percent from a year earlier, the National Bureau of Statistics said yesterday, exceeding the 10 percent median estimate in a Bloomberg News survey of economists and the previous month’s 10.2 percent. Inflation was a less-than-forecast 3.2 percent and producer prices fell 1.5 percent.