Dhaka, Nov. 15 -- Retail sales and industrial output in China weakened last month, underlining the challenges Beijing faces in reviving momentum in the world's second-largest economy, according to official data released Friday.
The country has struggled with sluggish domestic spending since the end of the Covid-19 pandemic, while a prolonged debt crisis in the property sector continues to weigh on consumer confidence.
Data from the National Bureau of Statistics (NBS) showed retail sales rose 2.9 percent year-on-year in October, down from 3 percent in September, marking the fifth consecutive month of slowing growth since a 6.4 percent peak in May. The slowdown comes as Beijing and Washington agreed to a one-year trade truce at an October...
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