Chinese Industrial Production Rose 6.9% in October YoY

Chinese industrial production rose faster than expected in October, while retail sales continued to recover, albeit at a slower pace than expected, as the world’s second-largest economy emerged from the recession that accompanied the spread of the Coronavirus.

Data from the National Bureau of Statistics showed that Chinese industrial production rose 6.9% in October compared to the previous year, in line with September’s gains. Analysts polled by Reuters had expected a 6.5% increase.