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China’s October Economic Data: Retail Sales Surge and Ongoing Property Woes

November 15, 2024November 15, 2024 - by Sofia Martinez - Leave a Comment

China’s retail sales rose 4.8% in October, reaching an eight-month high due to improved consumer spending and supportive policies, despite persistent issues in property investment. In October, China demonstrated resilience …

Economics

China’s October Economic Insights: Retail Growth Amid Property Woes

November 15, 2024November 15, 2024 - by Oliver Henderson - Leave a Comment

China’s October economic data reveals a notable 4.8% year-on-year growth in retail sales, the highest in eight months, buoyed by stimulus measures. Household appliance sales surged by 45.1%, driven by …