General World News

China’s factory activity and retail sales grew by the most in 10 months in October, as the world’s second biggest economy leaves COVID-19 behind

china factory workers

Summary List Placement

Factory activity in China grew by more than expected in October, while a separate release on Monday showed retail sales grew by the most in ten months, highlighting how the world’s second biggest economy is gradually recovering from the COVID-19 pandemic.

Industrial production rose by 6.9% year-on-year in October, beating market expectations for a rise of 6.7% and marking the largest increase since December, thanks to strong improvements in all major sectors, according to Chinese government data.

Machinery production grew 17.6% in October, versus 15.9% in September, while other sectors that posted strong increases included auto manufacturing, details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: BusinessInsider.Com