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China's Slowdown Hits Employment Even as Recovery Signs Emerge

  • Industrial output has weakest start to year since 2009
  • Investment in real-estate rises to highest since 2014
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Breaking Down China's Factory Output, Retail Sales Figures
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China’s economic slowdown deepened in the first two months of the year, pushing unemployment sharply higher and intensifying pressure on the government’s calibrated stimulus strategy.

With industrial output having its worst start to a year since 2009 and retail sales expanding at the slowest pace since 2012, the unemployment rate jumped to 5.3 percent in February from 4.9 percent in December, the highest level in two years. On the upside, fixed-asset investment accelerated and property investment jumped.