China economy perks up but dogged by property crisis ...Qatar

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China economy perks up but dogged by property crisis
China’s economy showed surprising resilience in August, with faster-than-expected growth in factory output and retail sales shoring up a fragile recovery, but a deepening property slump weighed on the outlook. The better-than-expected figures show the world’s second-largest economy is gaining some steam, after narrowly escaping a contraction in the June quarter and lifting recovery prospects marginally for the rest of the year. Industrial output grew 4.2% in August from a year earlier, the fastest pace since March, according to the National Bureau of Statistics (NBS). That beat a 3.8% increase expected by analysts in a Reuters poll and July’s 3.8% expansion. Retail sales rose 5.4% from a ye

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