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China stabilising but economy on two tracks
Published Sun, Nov 15, 2015 · 09:50 PM
OCTOBER activity data points to further evidence of the economy bottoming out after struggling to maintain momentum in the third quarter.
While the absolute level of domestic demand remains weak, the underlying divergence continued among the different sectors of the economy.
On the one hand, retail spending maintained solid growth, supported by car and household appliance sales, thanks to recovering housing market activity.
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