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China's economy on course to realize 2023 growth goals
Despite a sluggish global economy, China has navigated the various economic headwinds with an effective policy mix and put the economy on a solid footing to achieve its full-year growth targets. Data from the National Bureau of Statistics (NBS) showed Wednesday that retail sales of consumer goods, a major indicator of consumption strength, grew 7.6 percent year on year in October, marking its fastest pace since May and quickening from a rise of 5.5 percent registered in September. Industrial production also beat market expectations, rising 4.6 percent year on year in October, accelerating from the 4.5 percent growth ... (full story)