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China's industrial output, retail sales in July show continued recovery

2022-08-16 10:18:08       source:CGTN

August 15, 2022

China's latest key data for July released on Monday reflected continued economic recovery – albeit at a moderating pace – with the growth being attributed to government policies to stabilize the economy, as well as a resumption of production and supply following recent COVID-19 outbreaks.

Industrial output, a key economic indicator, went up 3.8 percent year on year in July, data from the National Bureau of Statistics (NBS) showed on Monday.

Of these, the added-value of equipment manufacturing increased by 8.4 percent on a yearly basis, and high-tech manufacturing industries rose 5.9 percent, according to the NBS.

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