China’s Economy Picks Up in August on Travel Boom, Policy Push

(Bloomberg) — China’s economic activity gathered pace in August amid a summer travel boom and in the wake of a stimulus push, adding to cautious optimism that the worst of the downturn is passing.

Industrial production rose 4.5% from a year earlier while retail sales jumped 4.6%, the National Bureau of Statistics said Friday. Both figures significantly exceeded economists’ estimates and were above the gains recorded in July.