China’s industrial production and retail sales climbed faster than forecast in October, according to official data. However, the Chinese regime’s new control measures against the Chinese Communist Party (CCP) virus pandemic and a weakening property sector have weighed down the economic outlook.
According to China’s National Bureau of Statistics (NBS), retail sales increased by 4.9 percent year on year in October, outpacing September’s 4.4 percent, and topping the forecast of 3.5 percent by Reuters’ poll.
