Factory Output Growth In China Declines Further In November

Growth in China’s factory output slumped again in November, AP reported. Industrial production rose by 7.2 percent over the previous year, according to government data published on Friday. The figure, which was down from October’s 7.7 percent growth and September’s 8 percent rate, is seen as a new sign of weakness in the world’s second-largest economy. Economic growth fell last quarter to a five-year low of 7.3 percent, and imports contracted unexpectedly in November.

Courtesy of RT

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