China’s economy suffered a broad slowdown in October as factory output grew more slowly than expected and retail sales fell for the first time in five months, underscoring faltering demand at home and abroad.
The world’s second-largest economy is facing a series of headwinds including protracted COVID-19 curbs, global recession risks and a property downturn. In a sign of persistent weakness in sector, data on Tuesday also showed property investment falling at its fastest pace since early 2020 in October…
To read more: https://www.reuters.com/world/china/chinas-factory-output-retail-sales-miss-forecasts-economy-losing-steam-2022-11-15/
SOURCE: REUTERS
