Analysis: What’s Behind China’s Diverging Economic Data
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On Aug. 29, in Ezhou, Hubei province, workers install equipment at a manufacturing company. Photo: VCG
China’s economic data for October revealed diverging trends, influenced to some extent by seasonal factors and base effects.
The overall economy is going through a structural recovery rather than a full rebound, dragged down by issues such as insufficient total demand, dwindling external demand, declining prices, and waning business confidence. Continuous policy support is needed to stabilize growth.
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