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China Heads for Strong Growth in 2021 as Recovery Gathers Pace

  • Industrial output, retail sales grew in line with forecasts
  • Oxford, Goldman Sachs upgrade growth forecasts for next year
Bloomberg business news
Citigroup Says China's Economic Recovery Accelerating
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China pulled further ahead of other major economies in November as industrial output and retail sales strengthened, reinforcing expectations of healthy growth in 2021.

Industrial production rose 7% in November from a year earlier, while retail sales expanded 5% in the period. Fixed-asset investment grew 2.6% in the first 11 months of the year from the same period in 2019. The data matched the median estimates in a Bloomberg survey of economists.