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China’s economic recovery continued in August, but analysts warn of ‘pent-up demand’ running out of steam

Better-than-expected economic data out of China reaffirms that the world’s second-largest economy is continuing its strong recovery from the coronavirus health crisis, but analysts warn that household demand is likely to taper off in the near-term while tensions with the United States could put a dent in China’s exports.Industrial production, which gauges manufacturing and mining activity, grew in China by 5.6 per cent year on year in August, accelerating from 4.8 per cent in July.And retail…

Read the original article at South China Morning Post

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