China’s Industrial Output Beats Forecasts on AI, Export Boom
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China’s industrial output accelerated in June, driven by a surge in high-tech manufacturing and robust exports that helped offset a prolonged real estate downturn and weak domestic consumption.
Value-added industrial output rose 5.3% year-on-year, quickening from May and beating the 4.6% average estimate in a Caixin poll, National Bureau of Statistics (NBS) data showed Wednesday.
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