China’s Factory Utilization Edges Up as Auto Sector Slumps
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China’s industrial capacity utilization edged up in the third quarter, but a drop in auto manufacturing to a 10-quarter low highlighted the uneven recovery.
The overall rate rose 0.1 percentage point from the previous quarter to 73.1%, according to data released Monday by the National Bureau of Statistics. Strength in high-tech exports and tentative improvement in green-energy industries offset weakness in traditional sectors facing excess capacity.
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