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China’s Economy Shows Signs of Recovery as Stimulus Ramps Up

  • Industrial output, retail sales expand faster than expected
  • Property slump, Covid continue to weigh on growth outlook
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WATCH: Helen Qiao of Bank of America Global Research,discusses China’s fixed investment, retail sales and industrial output data and what the numbers mean for the economy. Source: Bloomberg
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China’s economy showed signs of recovery in August as Beijing rolled out stimulus measures to counter a slowdown, although a property market slump and Covid outbreaks continue to weigh on the outlook.

Industrial production, retail sales and fixed-asset investment all grew faster than economists expected last month. The urban jobless rate slid to 5.3%, while the youth unemployment rate fell from a record high.