China’s economy underperforms in October, but analysts say sentiment is improving
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Weaker global demand and new and frequent outbreaks of Covid-19 in China resulted in October’s poorer economic figures for the world's second-largest economy.
PHOTO: EPA-EFE
BEIJING - China’s retail sector in October reported its first decline in five months as the country’s strict Covid-19 policies continued to weigh on consumption, while the jobless rate among youth remained high.
The beleaguered property sector continued its steep decline as property sales and investment fell even more sharply.
