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China’s economy falters with growth hurt by investment slump
China’s economic activity cooled more than expected in October, with an unprecedented slump in investment and slower growth in industrial output adding to a drag from sluggish consumption. Industrial production climbed 4.9% last month from a year earlier, according to data released by the National Bureau of Statistics on Friday, down from 6.5% in September. The median forecast of economists in a Bloomberg survey was for an increase of 5.5%. Retail sales gained 2.9%, slowing for the fifth straight month in the longest such streak since 2021. Fixed-asset investment shrank 1.7% in the first 10 months of the year, a ... (full story)