China economy continues strong growth trajectory in October, but imbalances remain

//China economy continues strong growth trajectory in October, but imbalances remain

China economy continues strong growth trajectory in October, but imbalances remain

China’s economy expanded strongly in October, as the recovery in consumption continued to gather pace, data from the National Bureau of Statistics (NBS) released on Monday showed.But imbalances remained, with the industrial and investment-led parts of the economy outperforming analysts’ expectations, while consumption lagged behind.Industrial production, a gauge of manufacturing, mining and utilities output in the Chinese economy, grew by 6.9 per cent from a year earlier, the same level of…

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By | 2020-11-16T02:00:05+00:00 November 16th, 2020|Headlines|Comments Off on China economy continues strong growth trajectory in October, but imbalances remain