China reports fastest industrial output growth in nearly two years

China posted its biggest industrial output expansion in November since February 2022, though retail sales growth figure underwhelmed expectations pointing to a patchy recovery in the world's second-largest economy.

China's industrial output grew 6.6% in November, outpacing expectations for 5.6% in a Reuters poll and a 4.6% rise in October. Retail sales climbed 10.1% in November, way below expectations of 12.5%, following a 7.6% rise in October.

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