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Consumer spends & factory output boost China recovery, Japan vaults back from recession, full lockdown imposed in Austria and other pandemic-related news across the globe

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With consumer spending picking up steadily and industrial production and investment rising faster than expected, the data shows China’s recovery is well on track

Yuvraj Malik
China’s recovery strengthens: With consumer spending picking up steadily and industrial production and investment rising faster than expected, the data shows China’s recovery is well on track. Stimulus policies, strong export demand, and the nation’s success in containing the spread of the coronavirus has strengthened economic recovery. Industrial output rose 6.9 percent in October from a year earlier, the National Bureau of Statistics said Monday. Retail sales growth accelerated to 4.3 percent from 3.3 percent in September. Retail spending received a boost from the golden week holiday last month, though many shoppers also delayed purchases to take advantage of the

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First Published: Nov 16 2020 | 2:05 PM IST

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