Chinese data for November points to steady economic rebound

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CHINA's economy showed sustained recovery in November amid a raft of government measures aimed at stimulating growth, pointing to green shoots of a steady rebound heading into 2025, economists said on Monday.

"China's industrial output saw a modest acceleration in November, driven by a pickup in manufacturing production," said Wang Qing, chief macroeconomic analyst at Golden Credit Rating International.

The economists also said the key focus will be on tackling both short-term challenges from lackluster demand and longer-term structural issues, aiming to further boost domestic consumption and investment while fostering a more resilient economic framework.

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Category: EconomyBusiness

Markets: MalaysiaChinaSingapore

Topics: Retail sales /Business/Business News Economy Monetary policy Stimulus Economy

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-17 @ 14:10:00 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

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Sentences: 25 lines

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News ID: 24493178

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