China economic growth slows down

24.11.2022

China's economy lost momentum in October, official data showed on Tuesday, hit by both Covid restrictions and weaker demand.

According to the National Bureau of Statistics, industrial production rose 5.0% year-on-year, down from September's growth of 6.3% and below forecasts of 5.3%.

Retail sales, meanwhile, fell 0.5%, a sharp contraction on September's growth...