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China consumer, factory activity down as virus controls rise

Por: ABC News World November 15, 2022

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BEIJING -- Chinese consumer spending contracted in October and factory activity weakened as anti-virus controls following a rise in infections weighed on the economy.Retail sales sank 0.5% compared with a year ago, down from September’s 2.5% expansion, as millions of people were confined to their homes, government data showed Tuesday. Growth in factory output decelerated to 5% from the previous month’s 6.3%.The performance was even weaker... + full article



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