China's factory, retail sectors shine as trade tensions thaw

China's factory, retail sectors shine as trade tensions thawGrowth in China’s industrial and retail sectors beat expectations in November, as government support propped up demand in the world’s second-largest economy and amid easing trade hostilities with Washington. The set of upbeat figures released on Monday follow firm signs of progress in Sino-U.S. trade negotiations over the weekend after the world’s two largest economies announced a “phase one” trade deal that would nearly double U.S. exports to China. “Activity and spending indicators strengthened across the board last month, though we think this uptick will prove short-lived,” said Martin Lynge Rasmussen, China Economist at Capital Economics.



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