- Chinese economic data indicated tentative signs of improvement after Beijing’s flurry of stimulus efforts.
- Retail sales and industrial production grew in August, beating expectations.
- Output of key commodities like aluminum and refined oil also increased last month.
Tentative signs of stability are appearing across the Chinese economy, following a flurry of stimulus measures from the government.
According to data published Friday, retail sales rose 4.6% in August from a year ago, surpassing estimates, led by gains in travel and dining. Industrial production climbed 4.5%, also topping views, helped by the auto sector.
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