zing me:China’s economy shows signs of recovery

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Gradual upturn: Shoppers looking at traditional windmill toys sold in Beijing. Chinese consumer spending and factory output edged up in August but were still weak. — AP

BEIJING: China’s economy showed signs of recovery in August as Beijing rolled out stimulus measures to counter a slowdown, although a property market slump and Covid outbreaks continue to weigh on the outlook.

Industrial production growth accelerated to 4.2%, the National Bureau of Statistics (NBS) said yesterday, beating economists’ forecast of a 3.8% increase.

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