China’s economic recovery from the coronavirus crisis continued to power ahead in November as crucial indicators of activity rose at their fastest rates this year.
Industrial production increased 7 per cent year on year in November, edging up from 6.9 per cent a month earlier, while retail sales rose 5 per cent. Both metrics expanded more than in any other in 2020.
China’s economy returned to growth in the second quarter after a historic decline at the start of the year. The recovery has been stoked by the country’s industrial sector and strong export growth at a time when other big economies have foundered.
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