China’s industrial sector demonstrated resilience in October, growing by 5.3% year-on-year, propelled by improved manufacturing activity. Retail sales rose 4.8% in the same period, highlighting a boost in consumer confidence, particularly during major e-commerce events like Singles Day, where sales surged 26.6% to 1.44 trillion yuan. Fixed asset investments grew 3.4% from January to October, signaling ongoing infrastructure and corporate spending.
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