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China’s retail sales slowed sharply in August amid Covid-19 resurgence, industrial output, investment both missed expectations

China's retail sales slowed sharply in August and industrial production and investment activities also missed expectations, as fresh coronavirus outbreaks and supply disruptions threatened the economic recovery.

Industrial output grew 5.3 per cent in August from a year ago, data from the National Bureau of Statistics showed on Wednesday, slowing from a 6.4 per cent gain in July and missing expectations for a 5.8 per cent growth in a Reuters poll.

 

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